freshy70
Level 3

Working on a 1040. The taxpayer will not itemize deductions because standard exceeds itemized. In the general information pages when I print the return, there are Carryovers to 2024. The carryovers include a number of items most of which I understand except the State and Local Taxes amount. Why would that amount be listed as a carryover? Screen Shot 2024-04-11 at 3.11.47 PM.png

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PhoebeRoberts
Level 11
Level 11

Because if they itemize next year, that's the amount of taxes paid with respect to 2023 that they get to deduct in 2024.

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freshy70
Level 3

Thank you for the fast reply. You are very smart.

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