Federal Carryover Worksheet, how can you have a payment and a refund at same time?

I suppose this could happen if you paid $1,278, then you filed an amended return or the state noticed an error, and this resulted in an overpayment of $1,076.

But I think you would remember something like this.

2010 return into 2011, on the Federal Carryover Worksheet 2011 on top is a table of 2010 State and Local Income Tax Information containing columns (a) - (g) for the year 2010. In 2010 I had an $1076 overpayment and column (f) 'Total Overpayment' shows this amount. However column (e) 'Paid With Return' shows an $1,278 amount I don't know where it comes from. It seems that it should be line 29 "TAX DUE" on my NM 2010 PIT-1. It seems to me that either column (e) or (f) should be zero, how could one have a payment due with a return and an overpayment at the same time?

What other lines from my New Mexico return could possibly flow into this number in column (e) labeled 'Paid with Return'?

Our site prepares thousands of NM state returns. We don't use TT. We use professional tax software. I have no idea what columns (a) thru (?) on the TT worksheet represent, nor do I know what is on your PIT-1 lines 21 thru 38. I can tell you that any carryover worksheet should have at least one column that adds up your state payments (W-2, estimated, paid with extension & refundable credits); another column that reflects your tax bill; and lastly the columns that represent the subtraction of the two... either the amount due or the amount to be refunded.

If you don't recognize the $1278, I'm not sure anyone can help you without a lot more detail.

What did 2011 TT do with the information on the FCW?

Cross-posted in the TurboTax Live Community

or

I believe RJS's post of September 3rd says it all. "If you are saying that you do have overrides in one of the returns, then no diagnosis is possible. You may consider it disturbing, but the side effects of an override are essentially impossible to predict. That's why an override prevents e-filing and cancels the TurboTax Accuracy Guarantee. An override is not meant to be the normal method of correcting an erroneous value. If you have an override, 'results are unpredictable.'"

importing 2010 return into 2011, on the Federal Carryover Worksheet 2011 on top is a table of 2010 State and Local Income Tax Information containing columns (a)

- (g) for the year 2010. In 2010 I had an $1076 overpayment and column (f) 'Total Overpayment' shows this amount. However column (e) 'Paid With Return' shows an $1,278 amount I don't know where it comes from. It seems that it should be line 29 "TAX DUE" on my NM 2010 PIT-1. It seems to me that either column (e) or (f) should be zero, how could one have a payment due with a return and an overpayment at the same time?

What other lines from my New Mexico return could possibly flow into this number in column (e) labeled 'Paid with Return'?

Alan, Thanks for trying to be helpful!

1) Sorry I jumped to a conclusion, since some of the worksheets in TurboTax are the same as the professional software my old preparer used, I just assumed most were the same.

2) The columns from the Federal Carryover Worksheet 2011, which seems is what you say is required are, with my numbers, filled in by TT after importing my

2010 return: 2010 State and local income tax information a) state ID NM b) Paid with extension 2,300 c) Estimates paid after 12/31 1,160 d) total withheld/pmts 6,313 e) paid with return 1,278

May I ask what is the normal method of correcting an erroneous value?

Bob, and others,

What does this forum request for proper etiquette. I know this isn't a TT forum and I tried to phrase my question as a tax question, not a TT question. Do the members of this forum request that I reference other forums where I posted a similar question? I just thought I'd get a more professional answer here into what other lines from my PIT-1 might flow into this number, and as mentioned else where I thought Federal Carryover Worksheet was a standard worksheet, not one unique to TT, for that I am sorry.

Find out what is causing a wrong figure to pop up and correct it.

I shudder when I hear of overrides on a federal tax return.

wrote:

I think Bob was just trying to be helpful and not implying that you posted in the wrong forum.

While talk about TurboTax may be considered to be not strictly on topic, it is certainly related, and so it (as well as discussions of other tax software) has been allowed over the years.

___ Stu

are the same as the professional software my old preparer used, I just assumed most were the same.

you say is required are, with my numbers, filled in by TT after importing my

2010 return:

amount paid w/extension)

2011, about ~$300. This number I know gets carried over to a Tax Payment Wks, which I think is a TT only worksheet, onto line 23, Balanced due paid with 2010 return, but it doesn't seem to do anything there, these are just entries. This wks is referenced by the State and Local Tax Deduction Wks, line 5, Amount Paid with state income tax return, this worksheet has the following lines:

used (line 5), that this amount is considered to be the amount paid with 2010 state income tax return, which my PIT shows as zero.

I know you are trying to be helpful but here's what is missing and it may lead you to some conclusion. Your federal 2010 Schedule A (assuming you used SIT and not Sales Tax) should have included: Your 2010 state withholding; Jan. 2010 estimated state tax payment for the 2009 tax year; the Apr., June and Sept. 2010 estimated tax payments for the 2010 tax year; any payment made in 2010 to the state for taxes owed for any prior year and any refund on the 2009 state tax return that you asked to be applied to your 2010 tax return. Your state 2010 final return, should have had as payments to be applied against your 2010 taxes, your 2010 withholding; all 4 of your 2010 estimated payments; any payment made in 2011 with an extension for 2010 and any amount applied to 2010 from a 2009 overpayment.

Your 2011 federal Schedule A should reflect everything stated above by just adding "1" to every year. E.g., your 2011 federal Schedule A should have included your 2011 state withholding, etc...

If your 2011 schedule A does not match the result of the above calculation, you need to override the result.

Bill and Arthur, I have since checked the 2010 return, as instructed by RJS, and there are no overrides. As Arthur commented I now understand the 'terminology' and 100% agree as to correcting wrong inputs vs overriding TT calculations. I've always have corrected inputs, duh.

To anyone still following this thread: I am truly sorry for not being more careful in the numbers posted. I was trying to stay consistent but due to an amendment in 2010, things were a little more complicated and I was trying to simplify and be less confusing, and concentrate on the real issue, but then ended up being less accurate.

A VERY observant Steamboat at the TurboTax forum found that what was being used for the amount paid with return, column (e) in the 2010 State and local income tax information (1258, the other number was a typo that got propagated more than once) in my posting is the amount paid with extension (2300) minus the overpayment (1042), a value that was wrong in my posted numbers.

So again, my 2010 NM PIT does not show any amount paid with return. but when

2010's file is imported into 2011, it uses what was paid with the extension minus the overpayment for paid with return in the table that summarizes 2010 State and local income tax information. I have since verified this by purposefully increasing the overpayment by changing one of the quarterly payments or changing the amount paid with extension on the 2010 return then importing into 2011.

I think one problem is on the NM PIT where there is not a line for Paid with Extension, but just line 27, other payments. This is where TT puts it.

This, I think, now is a TT issue, so I won't continue. Though I would appreciate knowing if other states have a line for Paid with Extension. Any other comments would also be welcome.