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posted Jun 4, 2019 2:04:58 PM

Why does it say I should take the standard deductions when the total of my morgage, state and local taxes and contributions exceed the standard deduction?

My mortgage interest is 25,000, contributions are 7,000 and I thought that state and local taxes are capped at 10,000.  That totals 42,000.  Why does TurboTax select the standard deduction of 26,000?

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1 Replies
Level 15
Jun 4, 2019 2:05:00 PM

Be sure to indicate that the Mortgage is secured by the property.