I just checked one of my VA returns. After taking full exclusion on Fed VA (atx) took it out again. On one of my returns where a partial stays taxable VA is taking whole thing out again. I do not think VA person who answered question understood. I just need to know how to fix it with either a plus adjustment or a neg adjustment.
On VA just be careful that VA doesn't try to back it out twice because of how it get reported for federal and where VA will get their #. Several discussions about previously.
Saw one earlier today. 434 different sales some with only a 5 cent gain. fee excess of 10k. TP is not a broker and doesn't know how to read statements.
Oh darn, I was wondering if they even know what's in the hopper's for 2016,2017,2018. Tp sent check in Nov just to stop notices concerning 2017 which had a c/o from 2016 which they have not processed. They haven't even cashed his check yet.
I see the light in what you are saying. I guess we will all be watching to see what various states handle this rats' nest. I also do not think federal should be adjusting returns since most states start with either FAGI or FTI and have a time frame in which to make adjustments. I looked at one of mine, what amess it makes out of EIC when you reduce the income and then the state follows that. oh darn forgot to look at my child care credit now that AGI went down.
To my Virginia friends. Virginia allows a deduction to 529 plans. If TP puts $ in plan july 25 then withdraws from acount july 27 and nov 30 thus liquidating entire account. I think no deduction for virginia.
Someone posted a calculator for the first 2 eip payments. ie amount above base divided by 100 multiplied by 5 gave amount you were not going to get. On the #3 eip does this still work? ex. mfj 2 kids 159900 agi. (4@ 1400=5600) What should I get or shouldn't get?