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Yes, you are correct. Beginning on your 2018 Tax Return, you can only deduct a maximum of $10,000 for the combination of State, Local, Property, and Sales Tax deduction.
For more information on this new limitation and all the other recent tax changes, you can check out this TurboTax FAQ: How Will New Tax Legislation Affect My 2018 Tax Return?
What form is this calculated on so I can check the data?
The state, local, and property tax deduction is part of Schedule A.
Great, thanks!
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