- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does hawaii conform to CARES act 3-year amortization for COVID retirement distributions?
For Hawaii, Turbo tax appears to be import the Federal return where a $100k distribution was amortized to $33,333 ont he 1040A, and adds $100k in income Additions and subtracts $33,333 in Hawaii Subtractions, netting to a $100k Taxable event for Hawaii and thus taxing the full $100k. I think this is wrong, any thoughts out there?
Topics:
‎April 10, 2021
8:46 PM