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Level 1
September 14, 2020
Question

form 8829 real estate taxes salt limitation

  • September 14, 2020
  • 1 reply
  • 10 views

Is there a work sheet similar to in irs pub to calculate the real estate tax to enter on form 8829 if client is subject to salt limitation, ie in excess of 10K?

 

 

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1 reply

dkh
Level 15
September 15, 2020

What IRS Pub? 

I may be wrong about this but I don't think the amount deducted on Form 8829 has to be considered in the $10000 limit.    If you enter the total real estate tax into Form 8829 the amount not used will automatically carry to Schedule A and used in the $10000 limit calculation.