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Can taxpayer deduct prior year state taxes paid on Schedule A for 2021?
Taxpayer paid NYS taxes dating from 2003 to 2015 thru Offer in Compromise. Can taxpayer deduct prior year taxes on Schedule A 2021. Taxes were paid 2021,
sjrcpaAnswer
Level 15
April 10, 2022
Yes - tax portion only. Not interest and penalty. And $10,000 SALT cap applies.
The more I know the more I don’t know.
