State tax laws may vary! That’s the biggest takeaway from this post.
While many states conform to the IRS tax guidelines, at least to a
certain extent, nearly all of them require some adjustments to maximize
your state deductions. And, some states se...read more
Do you even have to file taxes in more than one state? Do you know if
you’re a resident, nonresident, or part-year resident? What if you’re in
a state temporarily, such as a military move? So many questions - and
TurboTax has the answers! Let’s start...read more
Received a Letter of Adjustment from Michigan Department of Treasury.
They zeroed out my 2025 form 4884 retirement and pension benefits
subtraction. The letter provided no reason for the adjustment, just the
adjustment to zero and the following colla...read more
Nac64Posted a month ago
| Latest post yesterday by
Nac64
When you sell a treasury security, on the 1099-B part of the gain is
attributed to accrued market discount and part to capital gains.
Turbotax correctly records the accrued market discount as interest on
schedule B of the 1040. However, when this is ...read more
stevedPosted May 10, 2021
| Latest post yesterday by
Larry237
I have an investment in a real estate fund that invests in a property in
Ohio. I received an IT K-1 along with my Federal K-1. In going through
the Business Apportionment Summary section, I entered information about
the LP that issued my IT-K1. Howev...read more
My NC tax return was rejected. I have called TurboTax to troubleshoot,
but to no avail. Description below - but basically my remaining tax
liability is <$1,000, so I fall under an Exception so don't owe a
penalty for underpayment. On the Turbotax pre...read more
ssa-1099smPosted a week ago
| Latest post yesterday by
DawnC
I am trying to do my state taxes for Wisconsin, but no matter what I
enter for a school district code I get an error stating that it's an
invalid code. I live in South Milwaukee and am using the correct code.
Hello, I'm working on an amended CT state filing for tax year 2022 where
I was a part-year CT resident. I'm filing an amendment since I
incorrectly allocated my wage split for the Connecticut Resident Period
vs Connecticut Nonresident Period. The tot...read more
Most of my job income was from NY but I have a little from NJ - on my
W-2 it shows less than $250 in compensation, less than $25 tax withheld,
less than $10 in federal income tax, and less than $1 in state and local
income tax. Do I still need to pay...read more
hawkePosted Tuesday
| Latest post yesterday by
DawnC
There are TWO bugs on Colorado form DR 0204 for tax year 2025: 1) In
Part 3 line 9, the TABOR refund (from Form 104 line 38) is allocated
across the four payment periods. This is incorrect. Line 9 is "Amount of
income tax withheld from wages and/or n...read more
lambellPosted 3 weeks ago
| Latest post yesterday by
DawnC
Turbotax home and business desktop refers to form IT-203 from 2024,
Lines 50 and 55 and 60,61. Nothing thereThe TurboTax screen says:"Report
Information From 2024"Review your copy of your 2024 New York return, and
enter the following information.Tota...read more