- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
State tax filing
ok I finally got my earnings allocated between NM and AZ...BUT, in looking at the NM PIT-B instructions, Turbo-Tax does NOT follow the instructions for the form. Line 12 of Pit-b says:
12. DIVIDE the amount on line 11, Column 2 by the amount on line 11, Column 1, showing 4 decimal places.
(Cannot be less than zero. If greater than 1, enter 100.0000.) My result was 58.5263% and that is what TT continues to use. The result is obviously greater than 1 and therefore NM says 100.0000% should be entered but TT enters 58.5263% I believe you have a serious NM software bug in TT.
‎February 2, 2024
3:51 PM