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Get your taxes done using TurboTax
Jotika-
I have spend a bunch of time on this issue and YES, I did figure out that there is a possibility that sometimes, your sales tax will be higher than your state income tax - particularly if you don't pay any estimated taxes - so I guess it makes sense to have that option.
And yes, I understand that Turbotax will always choose the option that gives me the highest deduction - even though it still seems strange that Turbotax (and the IRS) uses your Estimated tax payments as part of the calculations that get you into the Schedule A. But as I said, I am now comfortable with the way6 everything is handled.
And nonetheless, I really appreciate your confirmation that everything is OK with the way I have worked it out.
ron in shawnee
March 31, 2021
3:27 PM