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I am paying the State of California $45,000 in capital gains from the sale of my primary residence. Where do I claim this expense on my federal form?
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I am paying the State of California $45,000 in capital gains from the sale of my primary residence. Where do I claim this expense on my federal form?
State and Local Taxes (SALT) as an itemized deduction in the year the tax is paid
SALT is capped at $10,000
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