jklcpa Posted February 26, 2019 Report Share Posted February 26, 2019 There are a couple of preparers here that handle DE returns, so I'm sharing this technical information memorandum that was issued today on how DE expects reporting of itemized deductions as it relates to the $5,000/$10,000 SALT limitation and the reduction on line 47. This is NOT being handled similar to the Pease limitation was in the past, and this memorandum has numerous helpful examples. This is also being sent by DE DOR to the software vendors. I couldn't find a direct link on the DE DOR website yet, so I printed to pdf and am sharing here in that format. tim_2019-1_v._3_-_itemized_deduction_limitation_of_10_000_for_salt_paid.pdf 1 Quote Link to comment Share on other sites More sharing options...
Lee B Posted February 26, 2019 Report Share Posted February 26, 2019 Oregon, like Delaware, has allowed filers to itemize on the state return, while taking the standard deduction on their federal return. Since Oregon's standard deduction amounts are fairly low, itemizing only on the state return is fairly common. Oregon created a Schedule A and released it along with instructions in early January. With respect to the deduction of paid taxes, it seems to function just like Delaware. 1 Quote Link to comment Share on other sites More sharing options...
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