I'm using Turbotax Online Premium. I submitted my tax forms for Fed and State of MN and they've been accepted, but I have not received my refunds. Upon reviewing the documents, I missed entering the 1099-MISC State of MN One-Time Tax Rebate. I can follow the instructions to enter the 1099-MISC form for the amended Federal return, but cannot see how to amend the State of MN return to remove the additional income as the One-time refund is not taxable on the State return.
You will need to file an amended return, but before you do, you need to wait until your returns are fully processed. This means that both your federal and state refunds need to come in before you file the amended returns. To check the status of your refunds:
Once the returns are processed you will need to start your amended return, to amend your return:
The program will guide you as you make the changes necessary, you do not need to enter anything other than what you are changing.
To enter the Minnesota Rebate follow the steps below:
You will see the income on line 8z with a description of Other Income (which will flow to line 8 of your 1040). When you pay for TurboTax, you will be able to view your forms.
Follow the steps below to deduct your MN tax rebate from your income so you won’t pay state tax on it:
You will see the subtraction of your MN rebate from your income on line 7 of your MN M1 form since your rebate is not taxable in MN.