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pcostello
New Member

Two bugs with CA Form 5805 AI

There are two errors with California Form 5805 AI

 

1) Line 6 of Form 5805 Part III calculates the annualization of itemized deductions on line 4.  If annualized Federal AGI exceeds a constant value, itemized deductions should be reduced by 6% of that excess.  The worksheet for line 6 is available in CA "2024-5805-instructions.pdf".  I believe TurboTax is using CA AGI in line 8 of that worksheet, rather than Federal AGI. My itemized deductions should be reduced and they are not.

 

2) Line 10 of Form 5805 Part III is the tax on the amount on Line 9.  In my case, TurboTax is using the value from Part II, Line 2.  This is 90% of the tax due. I have no adjustments and the value on Line 10 is repeated on Lines 12, 14a, and 14c (this is correct).  The value on Line 14c is then multiplied by 90% and appears on Line 16.   This effectively sets my require payment at 81% of the tax due, not  90% of the tax due (this is incorrect).

 

Intuit, Please correct these errors.

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1 Reply
MonikaK1
Expert Alumni

Two bugs with CA Form 5805 AI

We at Intuit TurboTax want our users to be completely delighted with their experience using our products and services, and successful in their financial lives and businesses. 

 

Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon.

 

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