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izic9927
Returning Member

Whay i am getting negative amount at state and local taxes greater tahn $10000 dedution

 
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Accepted Solutions
AnthonyC
Level 7

Whay i am getting negative amount at state and local taxes greater tahn $10000 dedution

Its the amount of your disallowed state and local income and property taxes.  Due to tax reform, there is a $10,000 maximum on the total amount of both of these deductions combined.  TurboTax is showing you the amount you are not able to claim with that negative number.  It's only for your reference - it doesn't get factored into the return.

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1 Reply
AnthonyC
Level 7

Whay i am getting negative amount at state and local taxes greater tahn $10000 dedution

Its the amount of your disallowed state and local income and property taxes.  Due to tax reform, there is a $10,000 maximum on the total amount of both of these deductions combined.  TurboTax is showing you the amount you are not able to claim with that negative number.  It's only for your reference - it doesn't get factored into the return.

View solution in original post

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