Abby Normal Posted February 23, 2018 Report Share Posted February 23, 2018 Just did a MA nonresident for my RI client who worked part time in MA. Couldn't get the interest, dividends and capital gains to not show as MA income, so I just used a blank line on B & D to type nonresident and backed them both out. I know that can't be right but I couldn't spend anymore time on it. Also got a warning about possibly having to adjust the Social Security and Medicare deductions because total income exceeds MA wages, but I decided to just let MA adjust that if they like. Told the client that MA might adjust her refund. Any insights from you MA preparers would be appreciated. Laugh if you must. Quote Link to comment Share on other sites More sharing options...
FDNY Posted February 23, 2018 Report Share Posted February 23, 2018 Did you try worksheet for line 14e? I'm sure Catherine will know what to do if that doesn't work. 1 Quote Link to comment Share on other sites More sharing options...
FDNY Posted February 23, 2018 Report Share Posted February 23, 2018 Also worksheet for line 15 is used to adjust SS. I'm not laughing because I rarely do one of these and know they can be a bit of a brain teaser. Quote Link to comment Share on other sites More sharing options...
FDNY Posted February 23, 2018 Report Share Posted February 23, 2018 If the dividend income still shows up on return I think you could delete it on line 24. I hate this form, NY's is much easier. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 23, 2018 Author Report Share Posted February 23, 2018 44 minutes ago, FDNY said: NY's is much easier Almost every state I've ever done is easier! MD is a snap. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 23, 2018 Author Report Share Posted February 23, 2018 1 hour ago, FDNY said: Did you try worksheet for line 14e? I'm sure Catherine will know what to do if that doesn't work. I did but I see now I missed putting Social Security in the Non MA income. I HATE that this is a negative column. Be much easier if it was MA Income. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 23, 2018 Author Report Share Posted February 23, 2018 1 hour ago, FDNY said: Also worksheet for line 15 is used to adjust SS. I'm not laughing because I rarely do one of these and know they can be a bit of a brain teaser. No I never went there. I just now put in the changes I think should be done and the refund dropped from 98 to 73. I can live with that! Serves MA right if they send the full 98, because their forms are way too complicated. 1 Quote Link to comment Share on other sites More sharing options...
FDNY Posted February 24, 2018 Report Share Posted February 24, 2018 Without a doubt, that's why I keep Catherine on speed dial if I get stuck and frustrated. 4 Quote Link to comment Share on other sites More sharing options...
Catherine Posted February 26, 2018 Report Share Posted February 26, 2018 I may be chiming in too late, but here goes. MA gives a deduction from income for socsec/medi taxes paid - but only on MA-source income. Limited to $2K, too. So that's why they give you the warning to adjust that deduction. As for the dividends and interest - that's harder, because I now use Drake and not ATX. In Drake, it's easy to over-ride the int & div income for a state, or code it to a specific state. Hope this helped. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 26, 2018 Author Report Share Posted February 26, 2018 Yeah, I screwed up the Social Security and Medicare and deducted for the non-MA W2 as well. Surprised ATX doesn't have that right since W2s are coded to state. I could have overridden the interest, but I always feel like I'm doing something wrong when I override. 1 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 26, 2018 Author Report Share Posted February 26, 2018 And thanks for replying, Catherine! 1 Quote Link to comment Share on other sites More sharing options...
Catherine Posted February 26, 2018 Report Share Posted February 26, 2018 24 minutes ago, Abby Normal said: And thanks for replying, Catherine! Sorry it was so late; was out of my office all day Friday, and spent much of Saturday at a funeral for someone I once worked with. Did not know him particularly well, but he was a good guy (and younger than I am!). Then Sunday I was exhausted and took the day off. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 26, 2018 Author Report Share Posted February 26, 2018 I checked your activity to make sure had been on here recently. I was worried about you! Glad you're fine! 1 Quote Link to comment Share on other sites More sharing options...
Catherine Posted February 26, 2018 Report Share Posted February 26, 2018 I'm here. Got a triple-whammy going. Corporation client has an IRS audit *this* Friday, and I have to be 100% prepared for that. Older daughter is selling her condo, an hour away. She works 6 days a week and needed help packing and doing inspector-recommended repairs. Guess who got to help (I've spent four or five days up there in the last couple of weeks). My church lost our building and had a day and a half to get ALL our records out. Many of them are now sitting on my office floor, making havoc with all the other tidbits left over from when I moved my office in December. Part of this is having to reconstitute our bookkeeping system and stay on top of all the bills, payments, wages, and payroll taxes, in an office where all the required documents are buried in one of several boxes stuffed together willy-nilly. So I haven't been spending much time on the board. I miss you guys and hope to be back more next week! 1 2 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 27, 2018 Author Report Share Posted February 27, 2018 You're gonna need some "me time". 2 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 28, 2018 Author Report Share Posted February 28, 2018 Oh man. Just got a part-year MA return who moved to MD. Any sage advice before I dive in? At least I get to use Sch R(?) this time so it might make more sense. 1 Quote Link to comment Share on other sites More sharing options...
FDNY Posted February 28, 2018 Report Share Posted February 28, 2018 One Manhattan (no fruit) with a splash of Cointreau before you start. 1 3 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 28, 2018 Author Report Share Posted February 28, 2018 No cherry! Oh, man. That's my favorite part! 2 Quote Link to comment Share on other sites More sharing options...
Catherine Posted February 28, 2018 Report Share Posted February 28, 2018 You got most of it. Insurance EIN (I have 'em all) and subscriber number for the MA health care form. Apportion socsec tax (read it off the MA W-2). Don't forget the $3,000 adjustment to income for rent paid on first page of Form 1. And the deduction from interest income for the first $100 ($200 for a couple) of interest from MA-chartered (not just located) banks. 1 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted March 1, 2018 Author Report Share Posted March 1, 2018 Whoa, I forgot about the health care program. Thank you soooo very much! I have his last year return to use as a guide. No rent paid, owned two houses, sold one. Wife has retirement income, which he told me is not taxable in MA. How do you determine if a bank has a MA charter? 1 Quote Link to comment Share on other sites More sharing options...
Catherine Posted March 1, 2018 Report Share Posted March 1, 2018 1 hour ago, Abby Normal said: How do you determine if a bank has a MA charter? If it's a local (Salem Five, Belmont Savings, Rockland Trust, Winchester Savings... etc) it's a no-brainer. Ditto the nationals; none of the big ones (BoA, Wells Fargo, Citi) are MA-based. Else go to the home page of the bank in question and under "Contact Us" it always gives the headquarters. Some years ago I was surprised that Citizens is based in RI; there are so many branches and it acts local. I guess it is, but not MA-chartered. If it's so little interest and not instantly obvious, assume not. 1 Quote Link to comment Share on other sites More sharing options...
Catherine Posted March 1, 2018 Report Share Posted March 1, 2018 And lemme know if you need an MA insurer EIN. I have a list of just about all of them. 1 Quote Link to comment Share on other sites More sharing options...
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