In calculating North Carolina taxable income, you would deduct the amount of the Extra Grant Credit in your North Carolina return under Other Deductions From Federal Gross Income.
Please follow these steps to get to this screen in TurboTax:
- Open your return.
- Click on State on the left hand side.
- Click on Edit next to your North Carolina return.
- Continue through the screens until you reach the page titled Here's the income that North Carolina handles differently.
- Scroll down to Other Deductions From Federal Gross Income under Miscellaneous.
- Enter your Extra Credit Grant on the last line for Other Deductions From Federal Adjusted Gross Income.
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