Fourth qt. estimated tax paid to CA.

[Lucho]

hello everybody. Hope you are enjoying the after Oct. 15 tax season.

I have a question: Is the last estimated tax payment paid to our lovely CA in 01/15/09 deductible in the itemized deductions for 2008 or it has to be deducted until 2009. Sch A took only the three quarters paid in 2008. Or am I doing something wrong again?

Thank you.

Have a blessed Sunday.

[TAXBILLY]

If it was paid in 2009 then it goes on the 2009 Schedule A.

taxbilly

[Lucho]

If it was paid in 2009 then it goes on the 2009 Schedule A.

taxbilly

Thank TAXBILLY.

Have a blessed Sunday.

Lucho

[jainen]

>>it goes on the 2009 Schedule A<<

However, it does NOT go on Form 1040, line 10. That is, subtract any amount paid in January '09 when you decide if the state refund is taxable.

[kcjenkins]

And remember, too, that the last estimated 07 payment, made in Jan 08, IS includable for 08.