- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Schedule CA-NR isn't calculating according to the directions in Part III, Line 5e, Column A.
Has anyone seen this?
Best Answer Click here
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Can you be more specific about what it should be calculating vs what it is calculating? I haven't noticed anything off, but maybe I'm missing something.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thanks for the reply.
In Part III of Schedule CA-NR the software correctly lists state and local income taxes on Line 5a and real estate taxes on 5b. The total is $56,025 shown on 5d. Line 5e says to enter the smaller of 5d or $40,000 but the program is showing $12,439. There's no "jump to" or worksheet that explains this.
It affects the way CA taxable income is calculated.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Can you upload a screenshot of your whole SALT section from that form? There are so many if-this-then-thats around SALT at the state level, that would help give more clarity here as to whether there's actually a calc error, a presentation error or an input error.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Aha! I found the number, thanks to your direction. SALT was limited by income. Thank you so much!