Yes, ever since 2017, any time your real estate taxes plus your state and local taxes exceeds $10,000 ($5,000, if married filing separately), the total deduction is limited.
This was true in 2021, but it may have showed differently in the deduction summary. If you check Schedule A the deduction is limited to $10,000 on line 5e.
If you paid taxes to a foreign country and generation skipping tax (GST) imposed on certain income distributions, you can deduct that in addition to the $10,000 limit.
As far as the -3112 reduction you must have $412 in some other type of state or local tax. This may include:
- State and local tax withheld from your income
- State and local sales tax
- Personal property tax paid (usually on a vehicle)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
