I tried to recreate what you are experiencing and TurboTax gave me Itemized Deductions of $37,300. I entered $10,000 for property taxes, $7,300 for mortgage interest and $20,000 in gambling losses so it would equal $37,300.
- Review your itemized deductions. If State and Local Taxes (SALT) are greater than $10,000, you can only deduct $10,000.
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