How to manually correct form? dividends not loading properly in MA state tax form. (schedule B line 6b miscalculation)

Forum|Forum|2 years ago
February 18, 2024
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Filing as a part-year resident. Dividends earned while in MA but treated as out-of state and not taxed. (not included in schedule-B line 6 statement: Part-year Resident Excludable Interest and Dividends Line-B, which only included allocated interests but not dividends).

Thanks!

p.s.
Confirmed that federal and other state (NY) allocations are correct.
Token #1185932

TurboTax Deluxe Online

Best answer by AmyC

While going through the adjustments and allocations, I see the interest and dividends screen is asking about any to add or exclude. I selected yes and went through the screens where you allocate your income. Finally I came to PY Interest and Dividends. The amount you entered is incorrect and causing the problem. You entered the NY amount and the question wants the MA taxable amount. Once you change that entry, the numbers are right.

AmyCAnswer

Employee

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AlexpainauchocolatAuthor

It worked. Thank you Amy!

For whoever might be having similar issues

Couldn't have figured this out by my self since the instructions on TurboTax were a bit misleading, specifically:

This trigger question "Do you any additional interest or dividend income to report or exclude" popped up on the standard #MA interest and dividend preview# which actually showed the correct numbers. It never occurred to me to click 'yes' to report something else

Only after going through all the questions and getting to the final #income, interest and dividend summary# did I notice that the dividend income was not included for MA.

Going back to Amy's method.

I actually didn't enter anything wrong, it was a matter of triggering/prompting Turbotax to pull out the specific allocation page for MA schedule B, and the schedule B line 6 statement

Clicking yes on "additional interest/dividend to report" initially lead to questions about unusual interest sources (which made me hesitate to continue), but if you just skip/leave blank all the irrelevant inquiries, you will eventually get to the page #Part year (non) resident interest and dividends# to specifically allocate those numbers.