I am trying to figure in which direction it should go on the state income tax return. Is it an addition to income as the second half of the name would suggest? Or a fee as the first half suggests?
Added back to income for the state -- either income not taxed on the federal (like tax-free bonds from the wrong state) or a deduction not allowed by the state (like state taxes).
Added back to income for the state -- either income not taxed on the federal (like tax-free bonds from the wrong state) or a deduction not allowed by the state (like state taxes).
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
