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Turbo Tax, State Tax Refunds and AMT

 

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Subject Author Date
Turbo Tax, State Tax Refunds and AMT Walt Bilofsky 03-18-2008
Posted by Walt Bilofsky on March 18, 2008, 12:24 pm
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If you got a state tax refund in 2007, Turbo Tax automatically puts
some of it into taxable income (1040 line 10). However if you were in
AMT, some and probably all of that amount is not taxable.

Does anyone know if Turbo Tax warns the user or asks about this in the
interview? If not, the user wouldn't normally know to go to the State
Tax Refund worksheet and try to fix this problem,

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