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Level 1
posted Mar 10, 2024 1:52:57 PM

Turbo Tax Correction Needed

So I, like others, got to my SC state return to the "Out of State Income or Gain" section. SC is my primary residence. I also have rental income from WV. I do find answers to this question in the Community that are over two years old, and yet the ambiguous wording still exists in the 2023 version of TT Premier.  Income is defined as an amount BEFORE deductions, while Gain is net. I guess my question is, How do we get Turbo Tax to fix this wording and clarify whether it is Gross or Net within Turbo Tax instead of us having to figure out what the answer is?

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1 Replies
Expert Alumni
Mar 11, 2024 8:23:54 AM

TurboTax is following the wording used in the South Carolina Individual Income Tax Instructions.  The amount entered could either be income or a gain, depending on the source.

 

According to these instructions:

 

Line h: Out-of-state income/gain 

 

Enter: 

 

● income from out-of-state rental property 

● income from a business located outside South Carolina, or 

● gain from real property located in another state. 

 

Enter the amount as reported on your federal return. Check the appropriate box to indicate the type of income or gain.