Afternoon all, I took a crack at the state return and it looks like I got to the return on $413 which is what Erika gave us on Sunday. Whenever anyone is ready we can start the chat on this one.
Thanks
Chris

I am having trouble with state. For line 13, 15, 17 I got 30271. Line 18 I got 7340 which got me 22931 on line 19. Based on this I got 373 on line 31, then 198 on line 32 and finally 175 on line 33....then I'm stuck.

I did put the 10 dollars on line 407 but that's it. Help please

13, 15 and 17 look correct, I had that same problem with Line 18. Check line 39 of Part 2 adjustments, did you get 7229? If you added line 8 also it will be wrong, the instructions say only add line 8 if it's (foreign income taxes ONLY) I was off on that one too. Line 39 should be 1342 only. That should change your calculations going forward on line 18.

I'm still having trouble. What are we adding up to get the 1342. I'm not getting that number. Doing the calculations over I ended up with 7752 on line 18, 22519 on line 19, 341 on line 31, 198 on line 32 (only answer I know is right)and 143 on lines 33, 35, 40, 48 and 64.

I'm still not understanding how to set all of this up.

Okay, did you put anything on lines 93, 94 and 95? I put 166 on lines 40, 48 and 64 then I put 589 on line 71. 589 minuns 166 gave me 423 which I put the 423 on line 91 and 93. I put a 0 in line 92. I subtracted 10 from the 423 which gave me 413.

I'm not sure if this is the correct way to get the right answer. Can you let me know, thanks

I also have another question. For federal sch A in the section of taxes you paid, I keep getting 3052 as a total instead of 3042. I have numbers 1352 in line 5, 1201 in line 6 and 499 in line 8. Which number is incorrect? I'm asking this question here since the answer on this page affects the state adjustments.

No worries Estelle. I am a little busy this morning. I'll get updates around 1pm. Thank you for the questions, helps me think about this stuff more in depth.

Thank you for catching the line 9a omit. I just went over it and I think it was an oversight on my part. Looking at the forms they just seem to be a straight copy of what is on the federal 1040. That was still a huge mistake on my part, thank you very much for catching that.

Since it does not specify what kind of dividends they are they should be taxed the same( no subtractions or additions or no coulumn b or column c)

Did you figure out the schedule A line 5? How it is $1342

Sorry for the delay, I put some time into the $171.

Yes,I worked out the line 5 sched A. It adds up correctly. Do you have 166 on line 33, 35, 40 and 48? I got that from subtracting 364 on line 31 from the 198 on line 32.

Also, did you get anything on line 92? I put a 0 there. On line 91 and 93 I put 423 which turns into 413 once I subtracted the 10

I am having trouble with state. For line 13, 15, 17 I got 30271. Line 18 I got 7340 which got me 22931 on line 19. Based on this I got 373 on line 31, then 198 on line 32 and finally 175 on line 33....then I'm stuck.

ReplyDeleteI did put the 10 dollars on line 407 but that's it. Help please

Estelle

13, 15 and 17 look correct, I had that same problem with Line 18. Check line 39 of Part 2 adjustments, did you get 7229? If you added line 8 also it will be wrong, the instructions say only add line 8 if it's (foreign income taxes ONLY) I was off on that one too. Line 39 should be 1342 only. That should change your calculations going forward on line 18.

ReplyDeleteThe 10 is in the right place.

Chris

I'm still having trouble. What are we adding up to get the 1342. I'm not getting that number. Doing the calculations over I ended up with 7752 on line 18, 22519 on line 19, 341 on line 31, 198 on line 32 (only answer I know is right)and 143 on lines 33, 35, 40, 48 and 64.

ReplyDeleteI'm still not understanding how to set all of this up.

Estelle

On the state...do we start on pg 433 or430 I'm confused this will be the first time I have ever worked in th can book

ReplyDeleteCal book

ReplyDeleteI am posting the 540 and the cal adjustments. Check them out and if there are any more questions on where the figures came from let me know.

ReplyDeletehttp://db.tt/8g2oZQy7

http://db.tt/WZXPcKgB Page 2 is a little fuzzy but you can see what the numbers are.

Kevin, might be best to do 433 first, if of you start on 430 about halfway through it will ask for figures from 433.

hope this helps

Chris

Okay, did you put anything on lines 93, 94 and 95? I put 166 on lines 40, 48 and 64 then I put 589 on line 71. 589 minuns 166 gave me 423 which I put the 423 on line 91 and 93. I put a 0 in line 92. I subtracted 10 from the 423 which gave me 413.

ReplyDeleteI'm not sure if this is the correct way to get the right answer. Can you let me know, thanks

Estelle

I also have another question. For federal sch A in the section of taxes you paid, I keep getting 3052 as a total instead of 3042. I have numbers 1352 in line 5, 1201 in line 6 and 499 in line 8. Which number is incorrect? I'm asking this question here since the answer on this page affects the state adjustments.

ReplyDeleteAlso, I looked at the 540 you sent but I didn't see any numbers, just the form. I did see the numbers on the adjustments though

ReplyDeleteI know. I'm a pain for asking so many questions in a row but I keep getting questions I forget to ask ahead of time. Last one though for now.

ReplyDeleteOn the california adjustment, why are we not adding the 171 for line 9a? We did that for federal but it's omitted on the california 540.

No worries Estelle. I am a little busy this morning. I'll get updates around 1pm. Thank you for the questions, helps me think about this stuff more in depth.

ReplyDeleteChris

I have a few mins, schedule A taxes you paid I have;

ReplyDelete$753 (this is from the itemized deductions in the question)+$589 (this is from the state w2's) = $1342

$1201 real estate tax

$499 personal property

These should all equal $3042

Thank you for catching the line 9a omit. I just went over it and I think it was an oversight on my part. Looking at the forms they just seem to be a straight copy of what is on the federal 1040. That was still a huge mistake on my part, thank you very much for catching that.

ReplyDeleteSince it does not specify what kind of dividends they are they should be taxed the same( no subtractions or additions or no coulumn b or column c)

Did you figure out the schedule A line 5? How it is $1342

Sorry for the delay, I put some time into the $171.

Chris

Yes,I worked out the line 5 sched A. It adds up correctly. Do you have 166 on line 33, 35, 40 and 48? I got that from subtracting 364 on line 31 from the 198 on line 32.

ReplyDeleteAlso, did you get anything on line 92? I put a 0 there. On line 91 and 93 I put 423 which turns into 413 once I subtracted the 10

Yup, on all questions you asked. That should be it for the fed and the state. Thank you for the help and for catching that mistake I had.

ReplyDeleteNow its just about reading the chapters and remembering all this stuff.. :)

if you want to go over anything else on these forms let me know.

Thanks

Chris

hey chris & Estell!!! r u guys still online!!!

ReplyDeleteIf so i was wondering if you guys can please help me in form 1040 on Line 44 for fed???

How did u guys get 1469?? i m really lost on that part

ReplyDeleteWe got it from the qualified dividends and capital gain tax worksheet...line 44

ReplyDeleteDon't we put jury duty on line 14 of the 540?

ReplyDeleteNo it goes on line 21 of CA (540)

ReplyDeleteRight so it transfers to line 21 column b which goes to 37 column b which goes to 14

ReplyDeleteNever mind cause its taxable right

ReplyDeleteYou got it bro. Tax it.

ReplyDeleteWhere did the $10 come from on the contributions

ReplyDeleteThats in the instructions for the questions. It goes on line 407 on the 540.

ReplyDeletechris

Instructions?

ReplyDeletesorry the directions on page 181 of the state book.

ReplyDeleteLol sorry it was a stupid question I should have known to read it.

ReplyDeleteWait I dont get it that why we have to omit the $171 from 9a of fed???

ReplyDeleteAlso i am a little confused on the California adjustment form!!

ReplyDeleteAlso where exactlty is $24 going on Fed and why?

ReplyDeleteHello Maryam...

ReplyDelete1. You're not omitting $171 from Line 9a. It goes on your CA Adjustments form just like all your other federal adjustments.

2. The CA Adjustments form mirrors your Page 1 of your federal 1040.

3. $24 is added to your Sched. A, Line 5a - "State and LOCAL" (Taxes you Paid)

Note - I got $414 as my CA refund. I hope that's close enough.

ReplyDeleteThats what I got the first time around but I reworked it and got to 413. I am about to post my forms in a few min if you want to check them out.

ReplyDeleteI will be in at 8am tomorrow also to go over forms.

THanks

Chris

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ReplyDeleteThis comment has been removed by the author.

ReplyDeletehi chris do u still have the mid term question and solution

ReplyDeletePlease can someone help me with all the numbers in CA 540 form. Thanks.

ReplyDeleteany body have the final refund amount for the final?

ReplyDelete