If my line 8 on 8960 is 25,000 and my AGI was 220,000 and my itemized deduction of SALT is limited to 10,000 in federal itemized, but my State taxes are really 20,000. Is the deduction:
1. (25000/220000)*10,000
OR
2.(25,000/220,000)*20,000 ?
Two softwares are doing differently . Turbo is doing 2 above. Wondering which is right per IRS.
