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Deductions & credits
Yep...the 10k limit applies to the total of State/local income taxes plus Property/RealEstate Taxes plus Personal property taxes.
On your Schedule A, you'll see that full total on line 5d...then line 5e is the smaller of 5d, or $10,000
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎July 15, 2020
6:52 AM