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C
cjcecil
January 26, 2024
Question

How do I enter the Minnesota One-Time Tax Rebate Payment on the return?

  • January 26, 2024
  • 1 reply
  • 0 views
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1 reply

B
BillM223
January 26, 2024

Are you asking if it is to be federally taxed? Apparently, the answer so far is "yes". See KSTP-TV and WCCO-4 for the news releases.

 

Where do you enter it? I would go to Wages & Income->Less Common Income->Miscellaneous Income where you can enter it and explain what it is. May I assume that the state has not sent you a 1099-G?

 

If you meant something else by your question, come back and let us know.

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C
cjcecilAuthor
January 26, 2024

I received a 1099-MISC and when I try to enter under this it asks me questions about work performed and employer or self employment. And it is a tax rebate from the state no work performed.

M
MayaD
January 26, 2024

This payment is taxable on your federal income tax return. However, it is not taxable on your Minnesota income tax return.  If you include this payment in federal adjusted gross income, subtract it from Minnesota taxable income on line 33 of Schedule M1M and on line 10 of Form M1PR on your state return.

 

On your Federal return:

  1. Select, No, it did not involve work like my main job.
  2. Enter the year you received it 
  3. Select, No, It didn't involve an intent to earn money 

 

On MN return:

  1. Continue to the screen Tell Us About Other Income Adjustments
  2. Check the box Received one time tax rebate.
  3. Continue and enter the amount 
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