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Excess Real Estate Taxes
I’m thoroughly confused here
I paid over 11k in RE property taxes. What am I supposed to do here?
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July 15, 2020
8:19 PM
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Get your taxes done using TurboTax
Hope this helps:
Beginning in 2018, the total amount of deductible state and local income taxes, including property taxes, is limited t $10,000 per year.
July 15, 2020
8:29 PM
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Get your taxes done using TurboTax
If this is form 8829 then it would be the excess over $10,000. So it looks like in your case that would be $1,587.
July 15, 2020
8:42 PM