ABCD149
Level 2
12-07-2019
09:38 AM
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Itemized deduction was limited in previous year. When I recalculate previous years itemized deduction by reducing the state tax payment by the refund amount - increase in tax liability is not same as amount taxable on state tax recover worksheet by proseries in current year. The entire refund is calculated as taxable.
Not sure how the number in part III line 7 (b) 1 (A) Re-figured state and local income tax deduction is calculated, and as a result recover exclusion is calculated as "0"
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