KMACK
Level 4
05-29-2020
09:17 AM
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One of my clients received a Certificate For Income Tax Adjustment from his employer, the US Department of Defense. It states he was overpaid in a prior year and that the amount of overpayment was repaid in 2019 and is deductible as a miscellaneous itemized deduction.
However, as of 2018 miscellaneous itemized deductions are no longer allowed (for federal tax purposes). So doesn't that mean it really is not deductible? Am I missing something? How do I record this in ProSeries?
Best Answer Click here
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