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Question

NYS return has "LOSS INCURRED FROM TOT" on line 24 for >60k? I have no such loss that I know of. TT return says I owe no taxes - first time in years?? how do I check/fix?

Forum|Forum|4 years ago
April 9, 2022
1 reply
0 views

Is this some bug with TT on NY state returns. I am using the desktop version with latest updates as of 4/9

TurboTax Online

oceanbob6Author

Some info about what I see TT doing. It seems to have decided I should itemize my NYS return for some reason and has claimed a huge loss on my IRA distribution which is totally incorrect!! It didn't do any such claim on my Fed return so I have no idea why it would do such a thing. Has anyone else seen such a thing??

oceanbob6Author

Wow, no answers or suggestions. I guess, like me, nobody has a clue and there's no help from TurboTax. I don't even know what TOT stands for so couldn't even guess where this lose would be coming from. I didn't claim any losses on my Fed form. Every year there a new reason to dislike using TT.....

We may need clarification about your entries on the return. Check out this link for a possible solution and if necessary add more details here.

State tax deductions TOT

One of our tax experts will help with more clarification about entries on your tax return.

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