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SamV1234
Returning Member

SALT deduction incorrectly capped at 10k. Phase out should cap our SALT deduction at 14k. How to we correct this issue with the software?

 
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4 Replies

SALT deduction incorrectly capped at 10k. Phase out should cap our SALT deduction at 14k. How to we correct this issue with the software?

you need to look at the calculation worksheet; certain income that you excluded may be an add-back to AGI. 

 

in my desktop version I get the correct answer of about $14K using MAGI of $586K

SamV1234
Returning Member

SALT deduction incorrectly capped at 10k. Phase out should cap our SALT deduction at 14k. How to we correct this issue with the software?

Line 11b on the 1040has AGI at 570. The system seems to ignore the phaseout and just locks at 10k. Any idea how to submit a ticket to have this resolved?

SamV1234
Returning Member

SALT deduction incorrectly capped at 10k. Phase out should cap our SALT deduction at 14k. How to we correct this issue with the software?

I submitted a token if anyone from Intuit can please look into this. Token number is 1346849

SamV1234
Returning Member

SALT deduction incorrectly capped at 10k. Phase out should cap our SALT deduction at 14k. How to we correct this issue with the software?

Update- I confirmed this is a glitch that does not take into account the phase out. The graphic says capped at 10k but when going through the final review I can see the SALT deduction broken down with 17k listed. AGI in the 570 range. Very frustrating as this added hours to my filing. Hope this helps someone else dealing with the same issue. Probably my last time ever using TT. 

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