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Retirement tax questions
Thank you for your response. Does TT produce a sheet that demonstrates that the prior year's refund is non-taxable?
I'm sorry but I am little confused by your wording, "If your tax without the refund would still have been high enough....." My total state and local taxes together were over $37K ~ $19K state income taxes and $17K+ in real estate taxes. I understand that this was capped at $10K. In effect, I lost the deductibility of $27K+
Thank you.
‎February 27, 2021
2:32 PM