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Level 1
June 8, 2019
Question

My K1 says "You may deduct the following taxes on your Form 1040 Schedule A for the following state taxes paid in 2017. Where in the Turbotax Deluze do I enter this?

  • June 8, 2019
  • 1 reply
  • 26 views
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    1 reply

    Kat11_2
    Alumni - Champ
    Alumni - Champ
    June 8, 2019

    See the instructions in the TurboTax FAQ below for entering those state taxes.  Keep in mind that you must itemize your deductions on Schedule A in order to utilize this deduction.  With the new tax laws now in force, many taxpayers who used to itemize deductions are using the standard deduction.


    "Can I deduct state or local income tax on my federal return?"

    https://ttlc.intuit.com/replies/3302371

    *** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***