Hi,
I think Line 34 applies to me & TurboTax should be populating the Income Tax withheld there. Why doesn’t it or am I supposed to know to do it myself?
Thanks
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According to the instructions you attached (and thank you, by the way, for providing this information), the direction for Line 34 of the Form states:
If you had Oklahoma income tax withheld from royalty payments, paid to you as a nonresident royalty owner, enclose your Form 1099-MISC or Form 500-A to substantiate the withholding. To claim withholding at the fiduciary level, enter the withholding on this line.
Withholdings are tax payments that have been subtracted from the full amount that would otherwise be due to you and have already been remitted to the state (or other) tax authority in advance. If you have received any of the documents referred to above and have entered them into TT Business, then, yes, TurboTax will pre-populate the withholdings for Oklahoma. If it did not do so, you may use Forms Mode to manually input the amount if you did have Oklahoma state tax withheld from any of your payments being reported on the return. Either way, you will want to submit (attach) the correct documentation to substantiate the withholdings and receive credit for the taxes having been paid in advance.
According to the instructions you attached (and thank you, by the way, for providing this information), the direction for Line 34 of the Form states:
If you had Oklahoma income tax withheld from royalty payments, paid to you as a nonresident royalty owner, enclose your Form 1099-MISC or Form 500-A to substantiate the withholding. To claim withholding at the fiduciary level, enter the withholding on this line.
Withholdings are tax payments that have been subtracted from the full amount that would otherwise be due to you and have already been remitted to the state (or other) tax authority in advance. If you have received any of the documents referred to above and have entered them into TT Business, then, yes, TurboTax will pre-populate the withholdings for Oklahoma. If it did not do so, you may use Forms Mode to manually input the amount if you did have Oklahoma state tax withheld from any of your payments being reported on the return. Either way, you will want to submit (attach) the correct documentation to substantiate the withholdings and receive credit for the taxes having been paid in advance.
I do have those documents. Thought perhaps I wasn't using TT properly.
Thanks
Happy to assist. Feel free to provide additional information if you have additional questions.
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