Iowa 2010: Certain Customers Have Incorrect Deduction for Additional Federal Taxes Paid (From 2009 Education Credit)
Certain customers have an incorrect deduction on their 2010 Iowa tax return for additional federal taxes paid.
TurboTax incorrectly transferred the 2009 federal refundable education credit to 2010 Iowa returns as a deduction for “Additional federal tax paid in 2010…” (Iowa Form 1040, line 33 / Form 1040A, line 7b).
The issue was fixed on February 12, 2011.
How to tell if you are impacted
You are affected only if ALL of the following are true:
- You filed a 2009 Iowa tax return using TurboTax software AND,
- Your 2009 federal tax return included a refundable education credit (Form 1040, line 66; Form 1040A, line 43) AND,
- You transferred your 2009 TurboTax data to your 2010 tax return AND,
- You filed a 2010 Iowa tax return prior to February 12, 2011.
If you are affected, you may have underpaid your Iowa tax.
You will need to amend your Iowa tax return.
If you contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the Iowa: Refundable Education Credit.
Let us do the work for you. We highly recommend this.
- Please download and print this Authorization Form.
- Complete the form and fax it to us at the number printed at the top of the form.
- A TurboTax representative will contact you (within 6 days) when your corrected return is ready to be securely emailed back to you.
- You can print, sign and mail the corrected return to the Iowa Department of Revenue.
Or you can make the corrections yourself. However, the amend process can be complex.
- To do it yourself, please follow these step-by-step instructions.
- After you make the changes to your tax return, you will need to mail a copy to the Iowa Department of Revenue.
- If you need assistance, call us at the phone number in the email.