JamesVDale
Returning Member

Turbotax has shifted dividend income between taxpayer and spouse in order to maximize Georgia Retirement Income Exclusion. I thought it had to be reported by div owner?

During Federal return processing TT correctly asked who (taxpayer or spouse) earned what dividend income.  I also entered an amount for some US Govt. Interest on the spousal income.  When this transferred over to the Georgia Schedule 1 Retirement income Exclusion worksheet,  the  US Govt Interest was added to the Dividend Income (line 7) of the taxpayer and not the spouse.  It looks like since the spousal dividend income was more than $65k (max amount that can be excluded) TT decided to shift that income to the taxpayer since the taxpayer income was less than $65k, thus giving the taxpayer a great exclusion.  I dont think this is allowed.  The income and US Govt Interest deduction needs to stay with whoever earned it.  Does anyone have an opinion, and if you agree that it is an error, how do I report it to TT?  Many thanks, James