Answered: Re: Can taxpayer deduct prior year state taxes paid on Schedule A for 2021?

sanforttanksley · ‎04-10-2022

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,

sjrcpa · ‎04-10-2022

Yes - tax portion only. Not interest and penalty. And $10,000 SALT cap applies.

The more I know, the more I don't know.

View solution in original post

sjrcpa · ‎04-10-2022

Yes - tax portion only. Not interest and penalty. And $10,000 SALT cap applies.

The more I know, the more I don't know.

sanforttanksley · ‎04-11-2022

Thank you. Can the taxpayer claim the remaining in future years?

Can taxpayer deduct prior year state taxes paid on Schedule A for 2021?

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