Bozodclown
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FYI, I just read that tax deductions are applied to ordinary income first and then a tax bracket is determined for that. Then, capital gains are added to the or...
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I tried changing it in Forms mode but I couldn't. I'm researching the federal and state law on how a deduction is applied. Turbotax applied the deduction to ord...
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Right. Interest income and capital gains are taxed differently. That's why I'm concerned. The K-1s show the distributions as long term capital gains but the rea...
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I see that the interest income is subtracted from the deductions on the DNI worksheet. The excess deductions are then subtracted from the capital gains number. ...
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Thanks for your input. So, is it the FTB that doesn't have this form ready on 2/8/23 or is this a TurboTax problem?
Activity Feed for Bozodclown
- Posted Re: Trust K-1 Distributions on Get your taxes done using TurboTax. February 4, 2024 5:13 PM
- Posted Re: Trust K-1 Distributions on Get your taxes done using TurboTax. February 4, 2024 2:56 PM
- Posted Re: Trust K-1 Distributions on Get your taxes done using TurboTax. February 4, 2024 11:43 AM
- Posted Re: Trust K-1 Distributions on Get your taxes done using TurboTax. February 4, 2024 1:27 AM
- Posted Trust K-1 Distributions on Get your taxes done using TurboTax. February 4, 2024 1:08 AM
- Posted Re: California Estates and Trusts software not updating for Form 541-A, Trust Accum of Charitable... on State tax filing. February 8, 2023 6:31 PM
- Cheered Re: California Estates and Trusts software not updating for Form 541-A, Trust Accum of Charitable... for ExcessTurbo. February 7, 2023 9:56 PM
- Posted Re: California Estates and Trusts software not updating for Form 541-A, Trust Accum of Charitable... on State tax filing. February 7, 2023 7:21 PM
- Posted California 541-A (trust accumulation of charitable amounts) on State tax filing. February 7, 2023 3:59 PM
- Cheered Re: California Estates and Trusts software not updating for Form 541-A, Trust Accum of Charitable... for tskraus. February 7, 2023 3:52 PM
- Posted Re: California Estates and Trusts software not updating for Form 541-A, Trust Accum of Charitable... on State tax filing. February 7, 2023 3:49 PM
- Posted Re: Trust K-1 to 1040 on Get your taxes done using TurboTax. March 15, 2022 9:55 PM
- Posted Re: Trust Distributable Income on Get your taxes done using TurboTax. March 2, 2022 2:20 AM
- Posted Re: Trust Distributable Income on Get your taxes done using TurboTax. March 1, 2022 10:15 PM
- Posted Trust Distributable Income on Get your taxes done using TurboTax. March 1, 2022 8:51 PM
- Posted Re: Trust K-1 to 1040 on Get your taxes done using TurboTax. February 24, 2022 4:44 PM
- Posted Re: Trust K-1 to 1040 on Get your taxes done using TurboTax. February 24, 2022 4:43 PM
- Posted Re: Trust K-1 to 1040 on Get your taxes done using TurboTax. February 24, 2022 4:26 PM
- Posted Trust K-1 to 1040 on Get your taxes done using TurboTax. February 24, 2022 12:54 PM