Sch A Line 5a General Sales Tax - forced Optional Sales Tax Table calc

Forum|Forum|6 years ago
March 2, 2020
1 reply
17 views

Sch A Line 5a General Sales Taxes using Optional Sales Tax Table: how does PTO calculate General Sales tax amount when "2=force sales tax" is chosen?

2019 Sales Tax Deduction Calculator shows a much lower result compared to ProConnect Tax Online number. Is there a way to generate sch A optional statement to review the calc?

ProConnect Tax Online

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itonewbie

Level 15

If there is a local sales tax, you will need to enter the applicable tax rate before PTO can impute the correct amount of tax.

---------------------------------------------------------------------------------Still an AllStar

L

LoveTaxAuthor

Level 4

I do enter the local sales tax of 0.5% (entered as 0.005) Per IRS table instructions and calculator, however, PTO overcalculates? sales taxes totaling $1,043 and without local sales entry of $1,008. Per IRS 2019 Sales Tax Deduction Calculator result should be $539. This is for CA family of 1, total income of $3,060.

itonewbie

Level 15

Something is not right. Income of $3,060? And $539 is not even on the sales tax table for CA (without accounting for local sales tax).

---------------------------------------------------------------------------------Still an AllStar

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