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Get your taxes done using TurboTax
Another update. In tracing where Turbotax gets, calculates my State Income tax for the Deductions and Credits (for calculating Line 5 of the Schedule A), I find that Line 2 of the "State and Local Tax Deduction Worksheet" is asking for the "2020 state estimated taxes paid in 2020" - so the question of why the $14,733 calculated for the State Tax is explained.
But I still have the question of WHY is Turbotax using the "estimated taxes paid" to calculate State Tax (for SALT) - this still does not seem right to me.
So is this right or should I override and tell Turbotax to use the Standard Deduction - or does it all wash out in the large refund I would get, which I think would be income in 2021.
OK - STILL NEED HELP HERE.
ron in shawnee
March 29, 2021
11:00 AM