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pmeoh
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Why is Turbo Tax deducting over $2K from my deductions in 2017? My adjusted gross is $75,698 and my total deductions are $16,547?

 
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6 Replies

Why is Turbo Tax deducting over $2K from my deductions in 2017? My adjusted gross is $75,698 and my total deductions are $16,547?

Are you doing a 2017 tax return now? Or comparing 2017 to 2018?
pmeoh
New Member

Why is Turbo Tax deducting over $2K from my deductions in 2017? My adjusted gross is $75,698 and my total deductions are $16,547?

2017
pmeoh
New Member

Why is Turbo Tax deducting over $2K from my deductions in 2017? My adjusted gross is $75,698 and my total deductions are $16,547?

I'm amending my 2017 return now and Turbo Tax is claiming the 2K being deducted from my total deductions is a limited deduction but my income doesn't seem to warrant that.

Why is Turbo Tax deducting over $2K from my deductions in 2017? My adjusted gross is $75,698 and my total deductions are $16,547?

<a rel="nofollow" target="_blank" href="https://www.accountingweb.com/tax/individuals/how-the-pease-rule-impacts-itemized-deductions">https:...>
You are using the 2017 desktop software, right?
pmeoh
New Member

Why is Turbo Tax deducting over $2K from my deductions in 2017? My adjusted gross is $75,698 and my total deductions are $16,547?

Yes, I was but I gave up.  I completed the amended return by hand without Turbo Tax.  Thanks for your help.

Why is Turbo Tax deducting over $2K from my deductions in 2017? My adjusted gross is $75,698 and my total deductions are $16,547?

For 2018, the total of State/Local/Sales/Property tax deductions is capped at $10,000.

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