BenH
Level 2

Get your taxes done using TurboTax

This is a return for my mother who I have never done before.  I have suspicions on how it was done in the past (deducting all property taxes on state) was done in error.

 

This is less a questions if TT is doing it wrong more than a what is the *right* way to do it. 

As stated, I find it strange the NY would be willing to take a cut on taxes because you paid some property tax to Florida.

 

The instructions on the IT-196 form simply state:

"Note: You can deduct state and local personal property taxes, if any,on Form IT-196, line 7. "

 

I would assume that for the purposes of the NY return it assumes "state and local" to be of the state of the return.

However it does not specifically say that.

 

I feel this is an area that is so poorly stated that it is very likely TT has gotten it wrong, and I'm not sure how many people actually know the answer.