Can't find NC Schedule S for data entry in turbotax online

[saborys]

Turbo tax state review does not seen to have a place to enter NC D-400 Schedule S. I need to report Part A. Line 1, Part B items 19 and 20 and nowhere in the online turbo tax can I see where to access this form for data entry.

Can someone direct me on how to get to this form?

[SteamTrain]

Those entries transfer from the Federal section.

NC Sched S:

1) Part A, Line 1:  That value transfers from whatever you entered on your 1099-DIV forms (Box 11) plus any 1099-INT (box 8).  For each of those forms you entered, you were supposed to indicate what states the Bond interest came from on a follow-up page after each of the main -INT or -DIV forms you entered.  Usually it's easiest to just select "Multiple States" from the end of each list of states... (You do NOT select NC for all of it, unless you actually bought only NC-specific bonds for box 8 on a 1099-INT).

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2)  Part B, Lines 19 & 20:   It would be pretty rare to have something on both of those lines...( though it might be the case for a married couple.  One with regular military 1099-R, and the other with some Fed/State/MilitaryGovt- Bailey eligible 1099-R.  )  A single 1099-R cannot be both Bailey Settlement eligible (line 19) and Military exempt (line 20).  That would be double dipping.

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2a)  For a Military Retirement 1099-R that is NOT Bailey eligible, you would enter the 1099-R in the Federal section, and on a page that follows the main form, the is one that asks "Where is This Distribution From".  You would select "United States Armed Forces Retirement Benefits", but the NC Distribution amount must be the same as line 2a of the form 1040.

(But if line 2a is empty or Not Determined....it should be thee Federally-taxable amount of line 1 ...if that is less..usually not).

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Then, when you get to the NC interview, on the NC Income page, it asks about a Military Retirment amount, and you will enter that same value in there, and the $$ will then show up on line 20 of the Schedule S.

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2b)  IF instead the 1099-R is Bailey Settlement Eligible....ti can be from a number of  Military/Federal/State 

sources...BUT...the pension must have been 5-year vested as of 12 Aug of 1989.   IF it was, then you just edit the 1099-R, and on the follow-up page you indicate it was a Bailey Settlement.   Again, the NC distribution amount must be filled in, and once selected  (And you work yoru way out thru all of the other form questions), the $$ automatically show up in Part B, Line 19 of the NC Schedule S  (double-check it on the Income page in the NC interview).

(AND AGAIN...you cannot have both #1 and #2 for the same 1099-R form...one or the other)

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[saborys]

I see in the NC state summary it transferred some tax free income from another state to the NC 400 S. It also correctly transferred the SS income.  However, it did not transfer an amount when entering a 1099-DIV from a federal tax free fund.  How do I enter the box 11 amount less the 2.43% not NC taxable into the 1099-DIV so it transfers to the NC 400 S

[SteamTrain]

OK....1099-DIV, box 11 $$.  Usually, it's not worth the effort to break it out, unless the box 11 value it came from is very large.  i.e. $1000 in box 11 and  2.43% from NC.     That's $24.30 in NC income not supposed to be taxed ...so it saves you maybe $1 in NC taxes.  Why bother...unless big numbers are involved....just select "Multiple States" for all of it.

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Anyhow, if box 11 contains more than one fund that feeds into it, you have to do the calculation for each fund that fed into the box 11 value, separately, since some didn't have any NC bond interest.  But for those that did, once you determine the exact # of $$ that were from NC bond......you just edit that 1099-DIV form, and on one of the pages following the main -DIV form, you break out the NC $$ as shown below:

 Here's the "Online" breakout display  (dekstop is similar):

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[saborys]

Thank you, thought I did that, but reentered the 1099-DIV aqnd it carried over. However, it carried over the full box 11.  Instructions on 1099-DIV state that 2.43% is exempt from NC start tax.

Is there a way to adjust for that?

[saborys]

thanks, it $353.84, so worth while.  Cross conversation, so i appreciate your assistance

[SteamTrain]

How much is 2.43% in $$

[SteamTrain]

OK...got it three posts at once...answering in coherent detail requires some time.

[saborys]

Thanks, split it out, but it stall carried over the full amount to the NC state return.  So maybe an error in turbo tax, will leave as is, thanks

[SteamTrain]

@saborys 

make sure you run a software update on Friday morning.

I divided up one of my 1099-DIV, in one of my test files (Desktop software)...and taking out $98 out of a pre-exising $444 as:

NC,,,.............................$98

More than one state.....$346

Dropped my Line 1 in NC Schedule S, by $98

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Could also try deleting that 1099-DIV entirely, then re-entering form scratch...but make sure you enter it fully-manually...no imports, no pictures, no Drag-Drops.