Anonymous
Not applicable

Business & farm

Did tax reform change what circumstances form 4562 is required? Is there a way to override the software and include it when I e-file?

tax reform did not change the requirements for form 4562. since a new asset was put into service in 2019 a 4562 should be in the return.  no you can't override to include it. might be possible to print it but then you would have to mail in the return.

this would seem to indicate something is wrong with the entry of the hew auto and maybe even the disposition of the old one. we can't see the return so can't say what is causing the issues. 

 

 

as to your returns, it may make sense that in 2018 you owed $4,000.  the medical expense deduction is limited to 7.5% of adjusted gross income.  the deduction for taxes is limited starting in 2018 to $10,000 ( a big change for many taxpayers who have a high state income tax and or real estate taxes). starting in 2018, mortgage interest may be limited (but mortgages would have to be over $750,000 may even $1,000,000).  charity up to 60% of adjusted gross income.   most other deductions have been eliminated.

you get the larger of your itemized or standard deduction. for 2018 it depends on filing status and age.

 

2018 standard deduction 12000 if single + 1300 if over 65

or 24000 if married + 1300 if either spouse over 65 or 2600 if both are.  

look at line 8 of 1040 and also see if schedule a was included. 

 

basically, the same rules for 2019 except the standard deduction goes up a few hundred.

 

you may want to compare the 2017 return to 2018. the line numbers are completely different but perhaps this will give you an idea of whether or not the $4,000 seems right 

 

 

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