Carson Case Study: Itemized Deductions

Carson Case Study Facts: Introduction

1. Select Quick Track > 1098 Mortgage Interest.
   
   OR
   
   Select Itemized Deductions > Taxes and Interest > Columnar Input – Form 1098.
2. If you use Quick Track, select Add new 1098 - Mortgage Interest & T.
3. Enter Mortgage Lender’s Trust.
4. Enter Mortgage Interest (Joint): $9,683.
5. Enter Real Estate Taxes Paid: $1,164.
   
   

   You can use Previous and Next to page through all the forms screen by screen.

6. Select Itemized Deductions > Contributions > Contributions - CY and Carryovers.
7. Enter for Current-Year Cash Contributions (Joint):
   
   United Way $ 50
   
   Church $ 600
   
   Miscellaneous Charities $ 125
8. Enter 60% as limitation.

 

 

 

Case Study Facts/carson_deductions.htm/TY2019

Last Modified: 03/19/2020

Last System Build: 06/17/2021

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