nolacpa
Level 2
02-29-2020
05:37 PM
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Has anyone else had this issue?
Lacerte 2019 Program, State and Local Refunds Taxable in 2019 Worksheet. Line 4, State/Local Taxes Included on Prior Year Sch. A, Line 5E. The 2019 program shows a different amount than the 2018 program. It should just be pulling it over from 2018. As a result, where the 2018 program calculates that my client's SALT refund is taxable in 2019 (yes, he itemized), the 2019 program calculates that 0 is taxable in 2019. Essentially, the 2019 program alters the input to the calculation, and ends up with a very different result.
I have read Pub 525 and done the worksheets referenced there and I keep coming back to the same result as the 2018 program..... that the refund should be taxable in 2019.
Thanks.
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