Turbotax keep asking me to Check This Entry for "Form 1099-MISC Worksheet (untiled)" and I was asked to enter the Payer's TIN. But I did not receive any 1099-MISC. I only received $250.00 CA Middle Class Tax Refund card but no 1099-MISC. Also where should I report this $250.00 CA Middle Class Tax Refund in Turbotax?
You help is greatly appreciated!
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In the search menu or magnifying glass type "1099misc" delete the untitled one if it relates to the payment of 250 from California. California will not send a 1099-MISC unless you received $600 or more.
Individuals who received a California Middle Class Tax Refund (MCTR) of $600 or more will receive a 1099-MISC for this payment.
The MCTR payment is not taxable for California state income tax purposes. You do not need to claim the payment as income on your California income tax return.
The IRS delivered guidance on state tax payments on February 10, 2023, stating that Californians do not need to report the MCTR payments on their 2022 tax return, and that the IRS will not challenge the taxability of these payments for the 2022 tax year.
Hi Michael G81,
Thank you so much for your advise! In this case, I do NOT need to report the $250.00 in both Federal and State income tax return. Is that right?
Thanks.
Yes, that is correct. You do not have to report the CA MCTR to the state or the IRS.
Hi BrittanyS,
Thank you so much for your help!
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