Itemized Deductions Tab

As with the rest of the Tax/Cash Form, you should enter only those deductions that are not obtainable from the asset or liability databases.

Click on the View Database button to preview the items that MasterPlan can pick up from the currently loaded client (the current client).

Note: The Message Center and help windows remind you that you should include the amounts that you enter here in the Living Expenses. Currently, MasterPlan does not assume that Itemized Deductions are cash flow items. This allows you to enter items that adjust taxes but do not affect cash flow.

 

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