Prompts for Entering Canadian RRSP Earnings in California State Return

[GioB]

Hello,

I am using TTax Desktop 2022. I am located in California which requires entering the Canadian RRSP (IRA) earnings /Dividends for state Tax. I have done this many years, using the Calif specific prompts for Canadian RRSP earnings, which populates line 18a/b on the "Interest and Dividends adjustment worksheet" for California return.  I entered the div amount when asked in the California 2022 return. Now I need to go back and make a correction to that amount, but the prompt has vanished and the amount does not appear in the "Other Interest and Dividend Adjustments" page (but still shown on line 18a/b of worksheet).

Q1: Is this a bug in 2022 CA TTax ? .. can it be corrected?

Q2: Is there a way to trigger the prompt again to allow me to correct amount?

thanks for any help. 

[GioB]

Appears this bug existed in the 2021 California return as well.  See link below. 

Essentially, user will only get once change to enter the Canadian RRSP amounts for DIV and CAP Gains, so you better enter the numbers correctly the first time the prompt asks, cuz you will not see it again or be able to change easily!

p.s. Hope someone from Intuit can please add this to the Calif state Bug list for next year...

(not solved).

Solved: Glitch in TurboTax? Gains in Canadian RRSP within California State Return (intuit.com)

[Jo62]

Sadly this is still the case for the tax year 2024. I made a mistake and now I can't edit the number. Since you can't review your tax return before paying, I'm afraid to delete the State return because I will likely be charged again. 

[GioB]

Hello Jo,

Wow, broke for at least 4 yrs now, seems it should be an easy fix(?)

According to this post, "Remove State Return" on Desktop version, should allow you to then reload it, but I have NOT tried it.  ".. When in Forms mode click on the File menu at the top left of the desktop program screen. Click on "Remove state return."

(1) How do I completely delete my state tax return and restart? The imported information mistakenly ...

Let us know if it worked (or your final solution).

thanks 

[DaveF1006]

If you remove your state return and then restart it, you won't be charged for the state twice.

@Jo62 

[sb5555]

i just entered the number manually into CA "other income" form and it updated the tax owed when i switched back to EasyStep.  

Still a bug in TT 2024 desktop edition.

I will say the number of bugs I've found in TT2024 is surprisingly high. i dont think i've found any bugs in the 10 years i've been using TurboTax.

[srr]

Agree this bug there after four years.

We pay Intuit good money. Lots of answers in this forum by community which intuit gets for free.

The price for TT Premier is higher this year (no discount at costco).

Saying delete the state and reenter is a really sad for TT customers as we are scrambing to finish the taxes before the deadline

Yes i can correct the values in the worksheet directly but then why bother with the interview.

Community - thanks - i tried going through the state part multiple times hoping the RRSP prompts will arrive but no. wont try anymore.

Here is more of a tax question wrt to RRSP

I did a RRSP withdrawal.

Q1. For federal do you have to manually enter the Foreign tax credit for 1116  for the RRSP? -During the RRSP federal interview it does not ask if you paid tax in canada (like on 1099 forms which is picked up automatically by the 1116 interview.)

Q2. FOr CA, the withdrawal is not a taxable event since we have been entering interest and dividens each year as CA income. WHat about the gain from selling a mutual fund that is in the RRSP in order generare cash to withdraw?  Ine once of the TT community threads it said that RRSP withdraal incurrs no tax for CA.

[MarilynG1]

Yes, Canadian RRSP gains are taxable in California.  Did your Capital Gains amount carryover correctly from your Federal return to CA?

From FTB Pub. 1001:

• Canadian Registered Retirement Savings Plans (RRSP) 

Under both federal and California law, the RRSP does not qualify as an Individual Retirement Account (IRA) and does not receive IRA treatment. The federal treaty that allows taxpayers to elect to defer taxation on their RRSP earnings until the time of distribution does not apply for California income tax purposes. California residents must include their RRSP earnings in their taxable income in the year earned.

@srr