topic Re: Software for Missouri state returns in Retirement tax questions

Software for Missouri state returns

AJ — Fri, 03 Jan 2020 22:27:21 GMT

Missouri residents should be aware that there is a bug in the current software. My current version of TurboTax home and business is giving incorrect answers for Missouri returns. The problem is in the deductions section and TurboTax is giving a full $10,000 deduction on line 12 of Missouri 1040 without regard to the AGI number. The new Missouri tax laws require that the $10,000 figure be reduced based on the AGI. Thus, the incorrect TurboTax math lowers the taxable income too much, and TurboTax shows a bigger refund than is correct. Does anyone know when TurboTax will fix the problem?

Re: Software for Missouri state returns

DoninGA — Fri, 03 Jan 2020 23:27:02 GMT

The Missouri state tax forms will not be finalized until 01/16/2020, subject to change.

See this TurboTax support website for the Missouri state tax forms - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_mo_online_individual.html

Re: Software for Missouri state returns

spbeatty — Sun, 12 Jan 2020 13:58:11 GMT

Yes thanks, I noticed error in the MO. federal deduction % and an associated calc... will revisit on 1/16. Do you know if the MO form 5695 (Qualified Health Ins. Premiums) actually requires the stated "proof of premiums?" Not sure how that would would happen when submitting 1040 and associated forms online..?

Re: Software for Missouri state returns

AJ — Sun, 12 Jan 2020 19:36:44 GMT

Yes, the MO-1040 instructions tell us to submit supporting documentation with the Form 5695. But my short answer is that I really don't know the technicalities regarding what documentation is acceptable for the health insurance deduction. From my e-filing experience, I've just trusted the software to tell me what I need to do. So if the tax preparation software accepts the data; and does not ask for any attachment; and if the e-filing is accepted by the state--then I don't worry about it. I will watch to see if MO processing changes that process by telling us to attach or e-mail anything, but I'm unaware of that need right now.

When TurboTax directs me to paper file, then I attach my insurance documentation (SSA-1099s and billing receipts) with the forms that I mail.

Re: Software for Missouri state returns

BillM223 — Mon, 13 Jan 2020 19:01:54 GMT

TurboTax has not yet released the State of Missouri tax program for tax year 2019. You can follow the estimated release dates of the various Missouri forms that TurboTax supports at State forms availability table for TurboTax individual (personal) tax products.

Changes made by the state late in the tax year do take time to implement in TurboTax; therefore, it is always unlikely that any state is ready to go on January 1 of the new year.

As spbeatty notes, please wait until the form you are looking for has been released (this link above will show you not only the estimated release date but also if the form has already been released). Note that "form" 5695 is actually considered a worksheet by Missouri and is completed as part of form MO-A.

As for the issue of attachments, the general rule is that e-filed returns prepared by TurboTax attach any supporting forms required by the state (such as the SSA-1099 in this case). In the rare case that a PDF copy of supporting documentation needs to be attached to the e-filed return, the state interview in TurboTax will provide a method to do so. If not, then you don't need to worry about it.

Re: Software for Missouri state returns

Stltmd — Fri, 31 Jan 2020 20:10:35 GMT

It appears this has not been corrected with the mid-January product release. My Missouri return was just rejected today on 01/30/2020 stating MO 2019 Business Income Deduction - due to product updates. However, there is no Missouri update to download and Turbo Tax states the version is up to date.

Any idea when this will be corrected?

Re: Software for Missouri state returns

JohnB5677 — Wed, 05 Feb 2020 01:16:00 GMT

Unfortunately, from time to time Federal and State FORMs have to be revised and approved. This is a dynamic process and we aggressively pursue it. At this point the target date for almost all forms is 02/12/2020.

Included are LINKs both for the Federal and State FORM status

IRS forms availability table for TurboTax individual (personal) tax products

Select your situation below to locate your 2019 form or schedule.

TurboTax Online/Mobile (web, iOS or Android)
TurboTax CD/Download for Windows
TurboTax CD/Download for Mac

From <Federal FORM availability>

State forms availability table for TurboTax individual (personal) tax products

Select your situation to locate your 2019 form.

TurboTax Online/Mobile (web, iOS or Android)
TurboTax CD/Download for Windows
TurboTax CD/Download for Mac

From <State FORM Availability>

Re: Software for Missouri state returns

cpruitt235 — Fri, 26 Mar 2021 00:54:35 GMT

Missouri has had errors in the Turbotax return for years. Spouse's information does not carryover as entered on the federal side. If you have US obligations from mutual funds, a number is put in the Missouri return with no supporting worksheet and does not agree with the amounts input on the Federal return. These errors have existed for years.

Re: Software for Missouri state returns

pknese — Thu, 10 Mar 2022 16:11:21 GMT

The software for Missouri still does not print the items for direct deposit. It shows "Reserved." This is overdue. Fix it!