can you believe this response--1040ez

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Subject Author Date can you believe this response--1040ez ilaboo 02-18-2008  Re: can you believe this response--1040ez ed 02-18-2008  Re: can you believe this response--1040ez ed 02-18-2008  Re: can you believe this response--1040ez PeterL 02-19-2008  Re: can you believe this response--1040ez ilaboo 02-19-2008  Re: can you believe this response--1040ez John D. Goulden 02-19-2008  Re: can you believe this response--1040ez Gil Faver 02-19-2008  Re: can you believe this response--1040ez Jonathan Kamens 02-19-2008  Re: can you believe this response--1040ez Seth 02-19-2008  Re: can you believe this response--1040ez jeff.h49 02-20-2008
Posted by ilaboo on February 18, 2008, 8:36 pm Please log in for more thread options this is the question i asked on-line support for 1040ez i have federal treasury bill income--where do i enter it so it does not become part of my ny state income? the bellow is the answer i got By law, we cannot give you tax advice. To get most accurate information, we recommend that you call IRS (1-800-829-1040) or your state tax authority, then go to the appropriate forms and enter your data. IRS and State Tax representatives can answer most of your questions. You can also visit IRS website, www.irs.gov to get forms, instructions, and publications about your issues. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by ed on February 18, 2008, 8:58 pm Please log in for more thread options > this is the question i asked on-line support for 1040ez > > i have federal treasury bill income--where do i enter it so it does not > become part of my ny state income? > > the bellow is the answer i got > > By law, we cannot give you tax advice. To get most accurate information, we > recommend that you call IRS (1-800-829-1040) or your state tax authority, > then go to the appropriate forms and enter your data.  IRS and State Tax > representatives can answer most of your questions.  You can also visit IRS > website,www.irs.govto get forms, instructions, and publications about your > issues. > > -- > << ------------------------------------------------------- >> > << The foregoing was not intended or written to be used,   >> > << nor can it used, for the purpose of avoiding penalties  >> > << that may be imposed upon the taxpayer.                  >> > <<                                                         >> > <<   The Charter and the Guidelines for submitting posts   >> > <<  to this newsgroup as well as our anti-spamming policy  >> > <<                  are atwww.asktax.org.                 >> > <<         Copyright (2007) - All rights reserved.         >> > << ------------------------------------------------------- >> The answer you are looking for is: Prepare your fed 1040 including the Treasure Bil income. Then, when preparing your State return you will find a place to deduct the TBill income before calculating your State tax. ed -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by ed on February 18, 2008, 9:07 pm Please log in for more thread options > this is the question i asked on-line support for 1040ez > > i have federal treasury bill income--where do i enter it so it does not > become part of my ny state income? > > the bellow is the answer i got > > By law, we cannot give you tax advice. To get most accurate information, we > recommend that you call IRS (1-800-829-1040) or your state tax authority, > then go to the appropriate forms and enter your data.  IRS and State Tax > representatives can answer most of your questions.  You can also visit IRS > website,www.irs.govto get forms, instructions, and publications about your > issues. > > -- > << ------------------------------------------------------- >> > << The foregoing was not intended or written to be used,   >> > << nor can it used, for the purpose of avoiding penalties  >> > << that may be imposed upon the taxpayer.                  >> > <<                                                         >> > <<   The Charter and the Guidelines for submitting posts   >> > <<  to this newsgroup as well as our anti-spamming policy  >> > <<                  are atwww.asktax.org.                 >> > <<         Copyright (2007) - All rights reserved.         >> > << ------------------------------------------------------- >> You should not be surprised that the people you asked are less intellegent than you, so if you don't know the answer how can you expect them to know it? There IS no place to put it on your 1040 so that it doesn't appear on your State return, so if something doesn't exist how can you expect the IRS to know to tell you where it is? Their correct and only answer woujld be to consult with your State (which is the answer they gave you). Doing so would elicit the following answer from the State ( I would hope): Prepare your Fed 1040 including the Treasure Bil income. Then, when preparing your State return you will find a place to deduct the TBill income before calculating your State tax ed -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by PeterL on February 19, 2008, 1:23 am Please log in for more thread options > this is the question i asked on-line support for 1040ez > > i have federal treasury bill income--where do i enter it so it does not > become part of my ny state income? > > the bellow is the answer i got > > By law, we cannot give you tax advice. To get most accurate information, we > recommend that you call IRS (1-800-829-1040) or your state tax authority, > then go to the appropriate forms and enter your data.  IRS and State Tax > representatives can answer most of your questions.  You can also visit IRS > website,www.irs.govto get forms, instructions, and publications about your > issues. > Who are you asking this question? I am assuming it's the people who sold you the software you are using to prepare your tax. Didn't you ask this question before? My simple answer is to prepare your 1040 without the T-bill info first, then populate your state tax return. Once that's done, go back to your 1040 and put in your tbill info. There, problem solved. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by ilaboo on February 19, 2008, 7:45 am Please log in for more thread options My simple answer is to prepare your 1040 > without the T-bill info first, then populate your state tax return. > Once that's done, go back to your 1040 and put in your tbill info. > There, problem solved. super thanks--did not think of this--what i did do was to enter 1 in t bill in fed data and calculate state tax--did not work--state data became insane will definately try your technique next year -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >>