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Level 2
March 22, 2021
Question

How do I enter carryforward deductions

  • March 22, 2021
  • 6 replies
  • 32 views

Client took standard deduction last year.  Combined deductions for year are more than the standard,  how do I enter the prior year deductions?

 

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6 replies

Just-Lisa-Now-
Intuit Community Champion
March 22, 2021

Not sure I follow...what exactly are they carrying forward? 

Do you mean they should have itemized in 2019 instead of taking the standard?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
EntenteAuthor
Level 2
March 22, 2021

I should have said carry over. They did not have more than standard deduction in 2019, but if combined with 2020 deductions it would put them over the standard deduction even with the limitation on mortgage interest.  It used to be called bunching deductions years ago, not sure if you can still do this.  I could not find anywhere that its not allowed.  

 

Just-Lisa-Now-
Intuit Community Champion
March 22, 2021

Ive never heard of this before.

@IRonMaN 

@rbynaker 

what say you?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪