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Solved! Go to Solution.
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Yes, they are itemizing so 90% is going on Sch A
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Its correct, thats how its always worked.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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It depends ... is the taxpayer Itemizing on Schedule A?
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Yes, they are itemizing so 90% is going on Sch A
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Then as Lisa said, yes, that is allowed and has always been the case.
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Thanks for taking the time to reply.
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Thank you for taking the time to respond. It's much appreciated.
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See the "Line 11 worksheet" on page 4:
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Thanks for your response. I had already taken this into account. I thought there was something else I may have been missing. Lisa is correct. It's been a long season.
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Circling back to your original question/title . . . Unless the clients are just barely hitting the SALT cap then the property taxes should be down on the "excess" line 17 where they are not allowed to increase the Sch C loss.