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April 23, 2025
Question

Could you confirm if Turbo tax online premier software does not support 2024 California law disallowing deduction for Intangible Drilling Costs (IDSC)?

  • April 23, 2025
  • 1 reply
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My 2024 California tax return is not adding Intangible Drilling Costs as taxable amount reported on schedule K-1. Even the amended tax return has same issue, in spite of help from the turbo tax support representative. Could you confirm if Turbo tax online premier software does not support 2024 California law disallowing deduction for Intangible Drilling Costs (IDSC)? If yes, what is the solution?

1 reply

April 23, 2025

TurboTax Premier does not cover the IDSC at the current time.  You would have to manually enter the income into the California forms and then mail in the return.

 

@kashyapvijay 

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April 24, 2025

It is surprising that Turbo tax premier did not implement IDC for California and its support staff was not told about it. The turbo tax support staff were insisting that generated California return is handling IDC correctly and 2024 amended California return was generated and filed with their support even though there was no difference in tax amount before and after amendment. My only reason to use Turbo tax premier for 2024 tax was IDC situation for California. It is very disappointing that not only Turbo tax not support IDC for California but did not disclose this fact to its clients/users.

DawnC
Employee
April 24, 2025

You can enter an adjustment on the CA return to negate any IDC entry on your federal return.  

 

  1. Go to Income that California handles differently >> Partnership K-1.
  2. Edit the K-1 that has IDC.
  3. Enter a zero on Lines 13d and 17f in the CA column.
  4. Continue back to the California return summary page.
 
 

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