- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
540 ca showing subtraction of 6300 on line 13 is that correct
Best Answer Click here
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
We have no way of knowing.
The more I know the more I don’t know.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Major apologizes, made zero sense in original post, HSA is an allowable deduction to federal tax return,
amount of $ 6,300.00 shows on 540 CA line 13 column A, shows as a subtraction ( column B ) is that
correct ? I just needed clarification from other experts.
Greatly appreciated,
Scott ( Nick ) Mota
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It may sound a bit strange but it will work out mathematically if you follow the logic. The bottom line is, it will be added back to Federal AGI even though it would appear as a subtraction on Sch CA (540).
On line 27 of Sch CA (540), that will end up as a negative number if there are no other subtractions. That negative number will bypass Line 14 on F.540 and get added to Line 16 (as if it's part of the additions on Sch CA (540).
Still an AllStar
