Welcome back! Ask questions, get answers, and join our large community of tax professionals.

state tax refund taxable on a 1041 with respect to prior year salt limitation

cancel
Showing results for 
Search instead for 
Did you mean: 

state tax refund taxable on a 1041 with respect to prior year salt limitation

howardg

The program pro-formas a state tax refund for line 8 of the 1041, however it does not limit the amount to the 10,000 salt limitation deduction from the prior year.  I was told that the program cannot do this.  Can we at least get an informational diagnostic alerting us to this issue.  Please and thank you.

Status: New
0 Votes
Vote now if this is a good idea