Found possible 2022 1040 discrepancy
Posted: Thu Apr 06, 2023 5:08 pm
I have attached two pictures. One from the 2022 IRS 1040 Instruction booklet and one from the 2022 1040 return itself. The instructions clearly state to attach the W-2G forms to your return if Federal tax was withheld. However, the 1040 itself just uses the word tax withheld. I’m going with the instructions. Because Ct has a severe and expensive rule on taxing you on Federal AGI instead of your taxable income like the Feds, I need to have State tax withheld to the tune of 7 percent on my W-2Gs. The 1040 form should insert the word Federal, but as you can see they didn’t. This causes even more confusion because to write off gambling losses on your Fed 1040 you need to itemize on your return. Of course State taxes paid would be part of your itemized deductions making one wonder about attaching the W-2Gs to your 1040 return. Makes it easier of course not to attach them if you are one of the few who still do a paper return. I do because I like to read and understand not just hit mindless keys on prompts that can be confusing and full of glitches.