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posted Feb 21, 2024 1:59:59 PM

I have a 1099-MISC from MN Dept of Rev for a One-Time Tax Rebate Pymt & I have to deduct it on line 33 of Schedule M1M. Where do I find that form?

"The amount reported on this form is you One-Time Tax Rebate Payment sent in late 2023 by either direct deposit or check. Use the information on this form when filing your 2023 income tax return. If you include this payment in your federal adjusted gross income, subtract it from your Minnesota taxable income on line 33 of Schedule M1M on your Minnesota return." Where do I find this on Turbo Tax??

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Expert Alumni
Feb 21, 2024 2:32:59 PM

If you included your Minnesota One-Time Tax Rebate as income in your Federal return, and need to remove that income from your MN tax return, Schedule M1M, Line 33, you could do so in FORMS mode in TurboTax Desktop.

 

In TurboTax Online, in the Minnesota interview, you will come to a screen 'Tell Us About Other Income Adjustments', where you can check the box that you received a Tax Rebate.  On the next screen, you can enter the amount of your Minnesota Tax Rebate Payment.