|
|||||||
 |
|
|
Thread Tools | Search this Thread | Display Modes |
02-19-2009, 08:10 PM
|
#1 |
|
Registered User
Join Date: Feb 2009
Posts: 5
|
I significantly underreported my 2007 state tax deduction
In my 2007 Federal 1040 Schedule A, I significantly underreported my state tax deduction. It's a long story ... I'll spare you the details.
My question is: is an Amended 2007 return the only way to fix it? Or is there some way to take the (extra) deduction in 2008 for the prior year's (2007) underreported state tax deduction? I'm due a pretty large refund. |
|
|
|
02-21-2009, 07:27 PM
|
#2 |
|
Registered User
Join Date: Oct 2001
Posts: 1,586
|
Crmsonkng,
You must amend your 2007 Schedule A, using a 1040-X If you were preparing your taxes using a computer program, you probably must amend your state return too. If a state refund is the result, do not forget to claim that as income on your next Federal return. |
|
|
|
|
02-23-2009, 01:53 AM
|
#3 |
|
Registered User
Join Date: Feb 2009
Location: New Jersey
Posts: 3
|
yup you can ammend it. just be honest. call or inquire the finance department and tell them honestly. I think they will understand. At least you are now reporting the incidence right?
 |
|
|
|
|
«
Previous Thread
|
Next Thread
»
| Thread Tools | Search this Thread |
| Display Modes | |
Linear Mode
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Sales Tax Deduction | KatinWA | TAXES | 2 | 04-03-2008 05:38 PM |
| Get more than you give with a state Tax Credit | rangermc | Charitable Contributions | 1 | 12-15-2006 06:04 PM |
| Is the state deduction really an advantage? | marathonman | 529 Plans | 1 | 07-14-2005 10:30 AM |
| State Tax Deduction | Unregistered | TAXES | 2 | 03-15-2002 09:25 AM |
| W-2 form problems due to residency of more than 1 state | Unregistered | TAXES | 2 | 02-21-2002 12:07 PM |
SPONSORED LINKS
Powered by: vBulletin Version 3.0.1
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.