DanielV01
Expert Alumni

Deductions & credits

@John F  I'm not exactly sure what you are looking to accomplish.  Are you trying to estimate your taxes for tax year 2020 (which files in 2021), or are you determining 2019?  I ask because W-4 calculations for 2019 would seem virtually moot at this point (since the year is almost over and you have had 95% of your withholdings already deducted from your paycheck.  However, if you are calculating 2020, are you anticipating a $20K loss on your rentals for 2020, or are you using 2019 figures?  I think I can give you an answer to your question but would need assistance with these variables.

 

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