Miss P CPA
Level 2
04-11-2023
07:35 AM
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when Claiming itemized deductions and the total of state and local income taxes, real estate taxes, and personal property taxes is more than the limit of $10K (NY) you must use the form 8829 line 11 worksheet to determine the amount of real estate taxes to enter as direct real estate taxes and direct excess real estate taxes. do n ot enter any of the real estate taxes as indirect expenses (ref. #51720)
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Strongsilence-C
Level 10
04-11-2023
12:39 PM
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How did you address this diagnostic?
Miss P CPA
Level 2
04-12-2023
12:50 PM
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Still working on it.
Now on the phone with Lacerte tech support
Strongsilence-C
Level 10
04-12-2023
03:06 PM
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I created a spreadsheet based on the IRS worksheet.
