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Where do I find the recoveries of itemized deductions worksheet from publication 525. Refund received from 2020.
TT keeps generating the state and local tax refund worksheet which is set up to process if it was an 2022 refund and not a different year. As such, TT is generating that the refund is taxable yet there was not tax benefit received as a result of the refund. Even with the refund state and local incomes taxes and property taxes are higher than the SALT deduction. IRS publication 525 states not to use that .
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‎April 9, 2024
5:52 PM