@Jayyyyy wrote:
Hi @Opus 17 , revisiting your answer while finalizing NY state tax return for 2024.
The most confusing part to me is that, on IT-196 instruction for 2024:
Lines 5 through 7
If, on your federal income tax return, you claimed an itemized deduction for state and local taxes you paid, enter the applicable amounts from federal Schedule A, lines 5a, 5b, and 5c.
-> But this should NOT include NY state and local taxes included in 5a, 5b or 5c, is this correct?
I'd appreciate it if you could answer this question.
You include everything from your federal schedule A. Even state and local taxes. Because the NY state and local taxes are subtracted back out on line 41. Lines 1-20 are essentially a restatement of your federal schedule A as-is, and lines 21-48 are New York specific additions and subtractions, including a subtractions for NY state and local taxes which are not deductible in NY.
