New York has a progressive income tax which means the more you make the higher your tax rate (Tax the rich is really Tax the richer!).  New York uses your total income to determine your tax RATE, then apples that RATE to your New York source income.   It would not be fair if you make $100.000 per year and pay the same rate as someone who makes $20,000 just because only $20,000 was made in New York. ... View more

As DavidS127 said in the previous response, if you have the QBI code you must continue to the page that has the breakdown for income/loss and other QBI factors which should be on your K-1 statement. @dennisgolfer ... View more

You can deduct any property taxes that you actually paid in 2019.  If you paid the amount on Line 1, you can include it. ... View more

Yes, if it was a true business venture- i,e, not an UNPAID apprenticeship, you would be able to deduct any expenses that are ordinary and necessary. ... View more

You must make sure he indicated the correct state residency- in general, you pay tax on all your income as a resident but only on your state source income for the nonresident state.  You get a credit for taxes paid to a nonresident state on the resident state return. ... View more

1. Click on Federal on the left side of the page. 2. Edit/Add W-2. 3. Use the Trash Can to delete.       ... View more

The amended 1120S is the same as the original except with the Line H checked- there is not a separate 1120S-X like for individual tax returns. ... View more

If you efile, TurbotTax transmits the federal tax and W2 information to the state.  Do you have NJ tax information listed on Lines 15-17?   ... View more

Follow these steps to locate your second state tax download: How do I download the software I purchased at TurboTax.com? ... View more

If you do not complete your return, you can return and pick up where you left off. Just use the same sign on information. ... View more