dwalker
Level 1
12-07-2019
08:20 AM
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Best Answer Click here
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sjrcpa
Level 15
12-07-2019
08:20 AM
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What is tuition earnings?
The more I know the more I don’t know.
The more I know the more I don’t know.
abctax55
Level 15
12-07-2019
08:20 AM
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HSA earnings are *supposed* to be added back to CA income....maybe it's something similar?
HumanKind... Be Both
sjrcpa
Level 15
12-07-2019
08:20 AM
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That's what I was thinking but thought I'd ask.
The more I know the more I don’t know.
The more I know the more I don’t know.
abctax55
Level 15
12-07-2019
08:20 AM
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Are you back up to full speed yet?
HumanKind... Be Both
dwalker
Level 1
12-07-2019
08:20 AM
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I hit send too soon. This is a 529 plan. Since the tuition expenses were more than the tuition earnings it is not taxable. The 1040 was correct but the 540 was adding the tuition earnings and taxing it. I since spoke with Lacerte and they said it just got fixed in the update from yesterday so I should see it fixed in the morning.
abctax55
Level 15
12-07-2019
08:20 AM
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Hey thanks for the update....I haven't stumbled onto it yet & now won't have to !
HumanKind... Be Both
sjrcpa
Level 15
12-07-2019
08:20 AM
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@abctax55 Yes. They got the system to start up yesterday. Today I spent a full day in the office - 1st time since last Wednesday.
The more I know the more I don’t know.
The more I know the more I don’t know.
