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- California Addition for paid back Cares Act distribution
California Addition for paid back Cares Act distribution
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GShad
Level 1
02-11-2021
11:06 AM
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I have a taxpayer and spouse that took out Cares Act qualified distributions in 2020 and are going to pay back 1/3 of the amount before they file their 2020 taxes. I entered the pay back amounts on line that says "Repayments made after 12/31/2020 but before filing return." The Federal return shows up with nothing taxable in 2020 which is correct, but CA is adding it back as an addition on line 5b of the Schedule CA and taxing it.
As far as I can tell, CA does conform to this, but there is no place I can find to enter something different for CA.
Anyone run across this and have a fix?
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