I filed for an extension -- but I noticed something new among the tax forms for this year -- Schedule L. If I understand this right, we must use Schedule L if we don't itemize on Schedule A, but also have some made a property tax payment in 2009. But then, I think, we're not allowed to take the standard deduction. Sounds to me that we come out worse with the new Schedule L.We've paid off our mortgage, so we've stopped itemizing (since the absence of any mortgage interest payment doesn't make it worthwhile anymore). We've been taking the standard deduction. And we pay property tax. Do we have to file Schedule L and give up the standard deduction -- and am I right that this means we'll end up owing more tax? --SirTas
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