Why Doesn't Quicken Offer Finer Breakdown for IRS Tax Schedule A Categories (17 Merged Votes)

2»

Comments

  • Quicken Janean
    Quicken Janean Quicken Windows Subscription Moderator admin
    edited 8:02AM

    Hi All, our devs reached out and asked if Schedule A is working how you expected now in recent releases as there have been updates and refinements regarding this area in the Tax Reports.

    image.png

    Quicken Janean

    Make sure to sign up for the email digest to see a round up of your top posts.

  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited 12:53PM

    Thanks for the request @Quicken Janean

    I looked at how the Sched A Tax line items flow to the Tax Planner in R65.17 and found the following:

    • Sales Tax Paid is added to the Deductions > State/Local Tax > Withholding SELF line. I'm not sure where it SHOULD go, but that seems wrong. I believe the rule is that you can deduct either the sales tax paid or your other state and local taxes, but not both. As currently implemented, the Tax Planner does not support that calculation.
    • Medical Mileage does not go anywhere that I can find in the Tax Planner

    image.png
    QWin Premier subscription

Categories