Question

Connecticut Turbo Tax Double Counting Tax Exempt Dividends

Forum|Forum|2 years ago
February 5, 2024
1 reply
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We have $18106 of tax exempt income from a tax exempt bond fund. The Connecticut amount is $250. The tax exempt income from all other states is $17856.

Tubo Tax Connecticut appears to be double counting the non Connecticut tax free income of $17856 on the state form. It adds it in twice on line 2 of Form CT-1040 for a total of $35712.

On Schedule 1 it reports the $17856 on line 32 (mutual fund tax exempt inc from non-Ct states or cities). Turbo tax adds it again on line 37- Other Additions.

The Other Additions schedule report it on line 6 - interest or dividends of the United States Government.

Any help.

SteamTrain

@Bobb59431

If you are sure have not double-entered as two of the same 1099-DIV forms in the Wages& Income section....go back and check again....but first in the interview, then check again for two of the same -DIV forms in Forms Mode (Forms mode only if you are using Desktop software...I think you are)

If it's still wrong, Then a call to Customer Support is warranted . Once they are certain and confirm it's not some user-entry error, they will ask you to create a diagnostic file for them....Then they send that to their software error team to work thru and correct. Yeah, if a true software error, it needs correcting fast.

What is the TurboTax phone number? (intuit.com)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

B

Bobb59431Author

Not resolved yet. Technical folks could not figure it out. I will pay for the tax help and if they find it is a technical problem I will get a refund. Fingers crossed.