My accountant has NOT been including local real estate taxes paid on form 8960 line 9b, and only deducting the State Income tax. Please confirm that Local Real Estate taxes may be included on this line.
The description on line 9b states "State, local, and foreign income tax" are included on this line. The accountant is interpreting this statement as "State Income Tax, Local Income Tax, and Foreign Income Tax which is ignoring the Local Real Estate taxes paid.
Can you confirm the correct Interpretation?
