mrwzzrd
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Thanks for the response and looking forward to the update that fixes this. 🙂 I just want to make sure it gets addressed.All the best.
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This issue isn’t related to state taxes. The issue is whether the previous years state refund is taxable in this years federal return.Spoiler (Highlight to read...
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This is the second part of the example (pasted the first part twice)Situation 2: State income tax refund not includable. In 2019, B received a $750 refund of st...
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Based on this document from the IRS, Turbo Tax is not handling State Refunds correctly.https://www.irs.gov/newsroom/with-new-salt-limit-irs-explains-tax-treatme...
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“If your income or property value is so high that you paid $132,000 of state tax, you should be having your tax return prepared by a professional, not doing it ...
Activity Feed for mrwzzrd
- Cheered TurboTax 2020 refuses to correct cost basis for ESPP for edenddc12. February 19, 2021 10:19 AM
- Posted Re: Why are State Tax Refunds Taxible in TT? on Deductions & credits. November 10, 2019 12:44 PM
- Posted Re: Why are State Tax Refunds Taxible in TT? on Deductions & credits. November 10, 2019 11:15 AM
- Posted Re: Why are State Tax Refunds Taxible in TT? on Deductions & credits. November 10, 2019 9:29 AM
- Posted Re: Why are State Tax Refunds Taxible in TT? on Deductions & credits. November 10, 2019 9:26 AM
- Posted Re: Why are State Tax Refunds Taxible in TT? on Deductions & credits. November 6, 2019 8:40 PM
- Posted Re: Why are State Tax Refunds Taxible in TT? on Deductions & credits. November 6, 2019 3:10 PM
- Posted Why are State Tax Refunds Taxible in TT? on Deductions & credits. November 6, 2019 2:03 PM