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Deductions & credits
Hi, again. This question was for my 2019 return.
For that time, for NJ MFS, I entered the full amount of property taxes paid for Federal, and TT took 1/2 for the deduction. The appropriate 1/2 paid flowed through to NJ. It’s just that the instructions for TT were unclear.
I’m not yet sure what TT is doing this year, for 2021, since I haven’t seen the worksheets yet. I’ve entered the full amount again for Federal, and the calculation for Federal and NJ appear correct, but the SALT limitation kicks in so it’s unclear to me. I’d be very, very, very careful about overriding a TT calculation though. I found my answer 2 years ago by trying it both ways and checking.
Good luck.
March 25, 2022
5:04 AM