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I've used TurboTax to prepair our joint return for the past three years. After working on this year's taxes and reviewing the past two, within the "itemized deductions summary" section we had "less: phase out deductions" each of these years ('99 $2002, '00 $744, and '01 $895).

I'm confused about this. Has a total of $3641 in deductions been denied over the past 3 years or is this amount carried over each year so that only $895 through '01 has not been allowed?

Our earnings for '02 will be significantly less as my wife is not working this year. Will I be able to recapture this deduction on next year's taxes assuming our income is below the phase out limit?


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