- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The tax summary is showing Itemized Deductions, which should be 0. If you are taking the standard deduction, the $300 or $600 will show up on Line 12b of Form 1040. Preview your tax return - Form 1040 (not the summary). Look on Line 12b and you should see the subtraction. What does that line show on your tax return?
This deduction is only for those that take the standard deduction. If you itemize, you can deduct more than the $300 or $600. After you've completed the Deductions & Credits section of TurboTax, we'll let you know which deduction gives you the biggest tax break. Once confirmed, TurboTax will put your allowed deduction in the correct spot on your tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 9, 2022
10:56 AM