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Significant deductions over 27,700 but turbotax desktop making me take standard
Hello, I'm a long time user of desktop.
With my property taxes, charity gifts, and investment expenses I am at about 40K of itemized deductions. However, Turbotox still says the standard is better for me.
The big change this year is I did get a big bonus and paid a lot in Colorado state tax.
When I click 'done with deductions', the next screen does a 2022 2023 compare and it has me at the standard deduction and shows nothing for charity (even though I entered it). under state or local taxes great than 10,000 it shows a (-40,768)
Any idea why turbotax is choosing the standard? I printed my return and forms and tried to trace it to a rule but couldn't figure it out.
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‎April 10, 2024
1:20 PM