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Miss P CPA
Level 2
April 11, 2023
Question

Critical Diagnostic Warning Ref. #51720

  • April 11, 2023
  • 2 replies
  • 6 views
when Claiming itemized deductions and the total of state and local income taxes, real estate taxes, and personal property taxes is more than the limit of $10K (NY) you must use the form 8829 line 11 worksheet to determine the amount of real estate taxes to enter as direct real estate taxes and direct excess real estate taxes.  do n ot enter any of the real estate taxes as indirect expenses (ref. #51720)
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2 replies

Level 10
April 11, 2023

How did you address this diagnostic?

Miss P CPA
Level 2
April 12, 2023

Still working on it.

Now on the phone with Lacerte tech support

Level 10
April 12, 2023

I created a spreadsheet based on the IRS worksheet.

abctax55
Level 15
April 12, 2023

Use the worksheet in the IRS instructions.

Put the OIH amount in DIRECT expenses, put the personal amount directly on Screen 25.

 

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