Posted by: NayaSadak August 24, 2007
Tax Help needed!! Rental Tax refund
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This is what I got from TAXACT.COM and you can manupulate it. I did not fill in the scholorship and expenses because all your scholorship amount had made taxable and logically there is no way to fill in that part will be double dipping. I mean adding more income. Is this the result you got using Turbo Tax. Turbo tax is expensive and I prefer to use TaxACt.com which is easy as turbo and less expensive. You can log to kathandu.nepal and password is himpo27 Federal Income: $15,112 Adjustments: $0 Adjusted Gross Income: $15,112 Deductions: $5,150 Exemptions: $3,300 Taxable Income: $6,662 Tax: $668 Alternative Minimum Tax: $0 Credits: $668 Other Taxes: $0 Payments: $1,917 Underpayment Penalty: $0 Federal Refund: $1,917 State Federal Taxable Income: $6,662 Additions: $0 Subtractions: $0 Minnesota Taxable Income: $6,662 Minnesota Tax and Contributions: $356 Minnesota Withholdings and Credits: $750 Refund: $394 394. Property Tax Refund: $0
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