DianeC958
Expert Alumni

State tax filing

Yes, it is feasible that the North Carolina return may be all zeroes.

 

These are the items that would need to be added to the Federal Income for North Carolina tax purposes.

 

Additions to federal taxable income.

If you have income items that are not included in federal taxable income but are taxable to North Carolina, complete Lines 1 through 5.

 

Line 1. Enter on Line 1 any interest received from bonds or obligations of a state or its political subdivisions other than North Carolina if not included in income.

 

Line 2. Enter on Line 2 any state, local, or foreign income taxes deducted on the federal return.

 

Line 3. Enter on Line 3 any adjustments for bonus depreciation.

 

Line 4. Enter on Line 4 any other required additions. Line 5. Enter the total of Lines 1, 2, 3, and 4 on

 

Line 5. The total additions should be apportioned between the beneficiaries and the fiduciary on Schedule B, Line 4. D

 

If these do not apply then the return is probably all zeroes.

 

You are required to file a North Carolina return since you filed a Federal return.

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