zongzi
Level 1

Federal reg. allows a deduction of $10K state and local tax on schedule A. But, the 2020 return "general information" show a carryover to 2021 deductible state and local. Where can I find any details or worksheet for this carryovers?

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qbteachmt
Level 15

"Federal reg. allows a deduction of $10K state and local tax on schedule A."

Are you asking about the Limited deduction? In other words, you enter the taxpayer Actuals and if that exceeds the limit, they are not allowed all of it. Otherwise, they are Allowed the amount they incurred and entered.

See this: https://www.irs.gov/taxtopics/tc503

And: https://www.irs.gov/taxtopics/tc501

And: https://www.irs.gov/help/ita/can-i-deduct-personal-taxes-that-i-pay-as-an-itemized-deduction-on-sche...

 

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George4Tacks
Level 15

It should be state 2019 estimate tax paid in 2020 plus state 2019 tax paid in 2020. I do not believe there is a specific worksheet for that. 


Here's wishing you many Happy Returns
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