963728
You'll need to sign in or create an account to connect with an expert.
NO you cannot do that. You can only enter the state and local taxes for the tax year in which they were paid, and you are subject to the $10,000 SALT limit for all of your state, local, and sales taxes paid in that tax year. If you exceeded the $10,000 limit for your 2018 tax return, that is just the way it worked under the new tax law. You cannot save up the deduction and take it the following year.
You can only deduct them the year you actually paid them, no matter what year they are for. So they would go on your 2018 return.
NO you cannot do that. You can only enter the state and local taxes for the tax year in which they were paid, and you are subject to the $10,000 SALT limit for all of your state, local, and sales taxes paid in that tax year. If you exceeded the $10,000 limit for your 2018 tax return, that is just the way it worked under the new tax law. You cannot save up the deduction and take it the following year.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mjtax20
Returning Member
mbin
New Member
hgomez23
Level 1
carmeleccionjohnson
New Member
Mary7820
Returning Member