Reply To: Itemize deductions – must I claim state taxes paid

Home Fairmark Forum Other Tax Topics Itemize deductions – must I claim state taxes paid Reply To: Itemize deductions – must I claim state taxes paid

#7983
kaneohe
Participant

Why would your tax bill be higher if you took a smaller deduction?
In a few cases, you are required to deduct the correct amount so that you don’t benefit by deducting less. Probably not in this case unless you are benefiting.

Did you show the QCD as a QCD? You’re supposed to show it as a distribution, but not a taxable distribution and also supposed to have a note saying QCD near the appropriate line.