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Common questions for the Schedule A in ProSeries

by Intuit•7• Updated 1 month ago

Get answers to frequently asked questions about Schedule A itemized deductions.

Form 1040, Schedule A - Itemized Deductions is used to calculate the itemized deductions. When you enter itemized deductions on the Schedule A, ProSeries will compare the Itemized Deduction to the Standard Deduction and take whichever gives the taxpayer the best tax benefit.

Follow these steps to access Form 1040 Schedule A::

Press F6 to bring up Open Forms.
Type A and press enter to open the Schedule A.

There may be tax scenarios where you need to force the itemized or standard deduction.

Follow these steps to force ProSeries to use the itemized deduction or standard deduction:

Open the Federal Information Worksheet.
Scroll down to Part X - Additional Federal Return Information.
Scroll down to the Standard Deduction/Itemized Deductions checkboxes.
Check the box for the option that best suits your clients needs:
- Itemize even if itemized deductions are less than standard deductions
- Married filing separately and spouse itemized deductions
- Use standard deduction even if less than itemized deductions

How do I enter investment counsel and advisory fees on Schedule A?

The Tax Cuts and Jobs Act eliminated this deduction for federal returns. These instructions only apply for certain nonconforming states.

Follow these steps to enter investment counsel and advisory fees:

Open the Schedule A.
Scroll down to Line 16.
Click the QuickZoom button to open the state only Miscellaneous Itemized Deduction Worksheet.
Enter the expenses on line 17.

Entering Miscellaneous Itemized deductions subject to the 2% floor

As of the 2018 tax reform miscellaneous itemized deductions for the 2% floor are no longer deductible on the federal returns, but may still be applicable for state tax returns. To enter these deductions:

Press F6 on the keyboard and type A to highlight the Schedule A. Press Enter to open the Schedule A.
Scroll down to line 16.
Select the QuickZoom in the Miscellaneous Itemized Deduction Worksheet to enter STATE ONLY miscellaneous itemized deductions subject to the 2% limitation box.
Enter any state only expenses here that are subject to the 2% limitation on lines 1-25.

Starting in tax year 2024: Entering a Qualified Conservation Property adjustment for CA

Under federal law, the amount of qualified conservation contribution deductions allowed is no more than 50% of federal AGI. California law limits the amount of qualified conservation contribution deductions to no more than 30% of federal AGI. Figure the difference between the deduction amount allowed using federal law and the amount allowed using California law. Figure the difference and enter it on the Smart Worksheet on Schedule CA - Page 6 - Line 12.

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