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Get your taxes done using TurboTax
If I am taking standard deduction of $25,100, will I be able to deduct State Income Tax attributable to the Investment Income, and put it in 9b of 8960?
I calculated the State Income Tax with and without the Investment Income (interest, dividend, sales). I took the diff in State Tax (with & without investment income).
Is this allowed if I am not itemizing, but just taking Std deduction?
‎April 2, 2022
12:59 PM