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If my itemized deductions is about $50K, Why is Schedule A NOT generated? I am using 2018 TurboTax premier. My income is about $400K.
I have $50K of itemized deductions. TurboTax Premier is NOT generating Schedule A. Why?
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If my itemized deductions is about $50K, Why is Schedule A NOT generated? I am using 2018 TurboTax premier. My income is about $400K.
Since you are using TurboTax Live you should address your question to a TurboTax Live tax expert. They can look at your tax return and explain what's going on. Here in AnswerXchange we cannot see your tax return, so it would be very difficult to figure out what's happening.
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If my itemized deductions is about $50K, Why is Schedule A NOT generated? I am using 2018 TurboTax premier. My income is about $400K.
What kind of deductions? Some are now limited or suspended. There is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT". And you can only deduct Medical that’s over 7.5% of your AGI. Also the deduction for job expenses have been suspended.
FAQ on 2018 changes <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return">htt...>
FAQ on 2018 changes <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return">htt...>
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If my itemized deductions is about $50K, Why is Schedule A NOT generated? I am using 2018 TurboTax premier. My income is about $400K.
Itemized deductions, $40k of state income tax, $13K (limited to 10k) of property taxes.
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If my itemized deductions is about $50K, Why is Schedule A NOT generated? I am using 2018 TurboTax premier. My income is about $400K.
50 k state income tax, 13k property tax or 10k
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If my itemized deductions is about $50K, Why is Schedule A NOT generated? I am using 2018 TurboTax premier. My income is about $400K.
Sorry your Total taxes is 63,000. 10,000 max on all.
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If my itemized deductions is about $50K, Why is Schedule A NOT generated? I am using 2018 TurboTax premier. My income is about $400K.
The 10,000 max is not just on property tax. It’s on all taxes you paid. Here’s another link,
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1901589-can-i-deduct-state-or-local-income-tax-on-my-federal-retur...>
And see the 8th item listed on this FAQ - State,Local,property SALT Deduction
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return">htt...>
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1901589-can-i-deduct-state-or-local-income-tax-on-my-federal-retur...>
And see the 8th item listed on this FAQ - State,Local,property SALT Deduction
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return">htt...>
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If my itemized deductions is about $50K, Why is Schedule A NOT generated? I am using 2018 TurboTax premier. My income is about $400K.
Since you are using TurboTax Live you should address your question to a TurboTax Live tax expert. They can look at your tax return and explain what's going on. Here in AnswerXchange we cannot see your tax return, so it would be very difficult to figure out what's happening.
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If my itemized deductions is about $50K, Why is Schedule A NOT generated? I am using 2018 TurboTax premier. My income is about $400K.
The 10,000 limit is for ALL taxes combined - Property tax and state taxes.
SALT = State and Local Taxes.
SALT = State and Local Taxes.
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