Can I take the 5800 deduction and have a 3500 exemption on my taxes?
Asked by: lpliskin
I am a little confused. I am doing my taxes online and it says $ 5800 deduction and below it says $ 3500 exemption. Is that right? I thought you could only have 1 or the other. I am doing it free with H and R block so I can’t really ask them questions.
How others found here:
- letter 3500 irs
- irs form 3500 exemption