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Sch A Line 5a General Sales Tax - forced Optional Sales Tax Table calc

LoveTax
Level 3

Sch A Line 5a General Sales Taxes  using Optional Sales Tax Table: how does PTO calculate General Sales tax amount when "2=force sales tax" is chosen?

2019 Sales Tax Deduction Calculator shows a much lower result compared to ProConnect Tax Online number. Is there a way to generate sch A optional statement to review the calc?

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5 Replies 5
itonewbie
Level 15

If there is a local sales tax, you will need to enter the applicable tax rate before PTO can impute the correct amount of tax.

See also this recent discussion: https://proconnect.intuit.com/community/proconnect-tax-online-discussions/discussion/state-and-local...

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Still an AllStar
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LoveTax
Level 3

I do enter the local sales tax of 0.5% (entered as 0.005) Per IRS table instructions and calculator, however, PTO overcalculates? sales taxes totaling $1,043 and without local sales entry of $1,008. Per IRS 2019 Sales Tax Deduction Calculator result should be $539. This is for CA family of 1, total income of $3,060.

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itonewbie
Level 15

Something is not right.  Income of $3,060?  And $539 is not even on the sales tax table for CA (without accounting for local sales tax).

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Still an AllStar
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LoveTax
Level 3

My bad, I was trying to increase income numbers above $20K for the IRS tool. Here is the IRS screenshot of $351 for $3,600 income for zip code 92677 (income below $20K):

 

Capture.JPG

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itonewbie
Level 15

You may like to check your input again.  PTO is imputing the correct amount for sales tax.  See attached.

Sales Tax Input.png Sales Tax Output.png

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Still an AllStar
0 Cheers