Discussion:When can I deduct state tax payments?
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| Revision as of 12:42, 1 April 2009 Wrwcpa (Talk | contribs) (Got it, thanks v) ← Previous diff |
Revision as of 12:57, 1 April 2009 Chris2lane (Talk | contribs) (That's why I alw) Next diff → |
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| {{ForumReplyPost|UserID=Wrwcpa|Date=1 April 2009|Text=Got it, thanks very much.}} | {{ForumReplyPost|UserID=Wrwcpa|Date=1 April 2009|Text=Got it, thanks very much.}} | ||
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| + | {{ForumReplyPost|UserID=Chris2lane|Date=April 1, 2009|Text=That's why I always have my clients pay their 4th qtr. state estimated payments before December 31 and not wait until January 15. }} | ||
Revision as of 12:57, 1 April 2009
Discussion Forum Index --> Basic Tax Questions --> When can I deduct state tax payments?
Discussion Forum Index --> Tax Questions --> When can I deduct state tax payments?
| 1 April 2009 | |
| I have a client who had huge Q4 '08 income. He paid his estimated New York State taxes on January 15, 2009. Therefore, he can't deduct that Q4 payment on his 2008 Schedule A, correct? Does he get the deduction in 2009? If so, where do we put it? | |
Death&Taxes (talk|edits) said: | 1 April 2009 |
| Cash basis? The deduction is in 2009 on Sch A. Most software has you list the date of the payment and will keep it in reserve for next year's version. | |
Death&Taxes (talk|edits) said: | 1 April 2009 |
| Line 5, but for 2009. | |
| 1 April 2009 | |
| Yes, cash basis.
Using Proseries for 2009; starting fresh. Does it go in #8: "Other Taxes"? Thanks! | |
Chris2lane (talk|edits) said: | April 1, 2009 |
| That's why I always have my clients pay their 4th qtr. state estimated payments before December 31 and not wait until January 15. | |
