Schedule A - why is Lacerte taking Std Deduction vs Itemizing when Itemizing > std ded?

Forum|Forum|5 years ago
February 17, 2021
1 reply
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I have a high net worth client and with mortgage interest, charity, etc. he is over the standard deduction; however, Lacerte is not allowing the higher itemized deduction to go thru. Am I missing something? I thought this year there was no limitation on Sch A? Thanks for your help!

Lacerte Tax

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Best answer by George4Tacks

@KariA I believe you have an input error, somewhere. Did you check or input something for any of the first entries in Schedule A that might force Std Ded? Did you check the box under filing status in Screen 1 that might force Std Ded? Did you check the box mentioned by @Bobby200 that forces Sch A to get the above the line charitable deduction (You can't have both above the line and itemized deductions - one or the other).

B

Bobby200

Level 4

Did you check the box for the $300 above the line deduction? I am fairly sure that forces the standard deduction in lieu of the $300. Meaning, you get the Standard Deduction and $300, or else you get Schedule A. Not both Schedule A and the $300 above the line.

K

KariAAuthor

Level 2

Thank you, yes, Lacerte does handle the charitable this way. That was not my question. The overall Sch A TOTAL of itemized deductions is exceeding the std deduction of $24,800 but Lacerte isn't accepting it. For 2020, there isn't supposed to be a limitation on Itemizing so I am unclear why Lacerte is stopping the Itemized deduction when it is about $4,000 higher than the std deduction. Thx

George4TacksAnswer

Level 15

@KariA I believe you have an input error, somewhere. Did you check or input something for any of the first entries in Schedule A that might force Std Ded? Did you check the box under filing status in Screen 1 that might force Std Ded? Did you check the box mentioned by @Bobby200 that forces Sch A to get the above the line charitable deduction (You can't have both above the line and itemized deductions - one or the other).

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