It depends. The Georgia (GA) 500 form starts with the federal AGI, which would end up for GA as a zero income since you had no gain. You will not show the $250k on your GA tax return. First review your complete GA tax return before amending by looking at the .pdf copy.
If you didn't enter the GA state withholding originally, then you can enter that on an amended tax return using the steps below.
- In your TurboTax return Select Deductions & Credits.
- In the Estimates and Other Taxes Paid section, click on the Start/Update box next to Estimated Tax Payments.
- On the next screen, Income Taxes Paid, scroll to Other Income Taxes Paid in 2024, click on Withholding not already entered on a W-2 or 1099 > Next to the type of tax payment for State Enter your GA state withholding from your sale
If you review your GA tax return, you should see Schedule 1, which shows the amount of income to subtract from the federal which is carried over to page 2. You may also see the information on Schedule 3.
If GA has any questions they will ask, otherwise they will release your refund, if you included it on your original return.
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