Iowa return is asking if 2/3 of income came from farming. Are they asking if farming income is 2/3 of Iowa income or 2/3 of Federal income?

Forum|Forum|1 year ago
April 5, 2025
1 reply
0 views

No text available

DianeW777

It depends. It is likely asking if your income is from farming to reduce any underpayment penalty which would be for the federal return. Check to see if you have a balance due on your tax return. You can review your tax return following the information below.

From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)

Select Tax Tools
On the drop-down select Tools
On the pop-up menu titled “Tools Center”, select View Tax Summary
On the left sidebar, select Preview my 1040

For TurboTax Desktop, change to 'Forms' and review the forms

The state return will be visible as well.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

adkiowaAuthor

Still not sure how to answer the specific question. I’m non- resident of Iowa and farming accounts for 100% of my Iowa income but only a small % of my Federal taxable income.

PatriciaV

Employee

IF 100% of the farming income was sourced in Iowa, you may answer "yes" to the question that at least 2/3 of the income came from farming. Since you're a nonresident, the only income that should be taxable in Iowa is the farm income.

Be sure to look for any blue links on the page with this question that may help explain how to answer.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"