@Mike9241 I'm confused ... you said "property tax on a foreign home is not a foreign tax eligible for the credit unless it's based on income earned on the home - ie it's a rental property." and "property taxes paid on the value of the home even if a rental is not eligible for the FTC". Those seem to contradict each other, or is it the difference that one refers to tax paid on the value of the home? (I'm not sure what else property tax is based on?)
This home is not a rental property, but it may become one so I want to understand. I do get it that property taxes are a deductible expense for a rental property, and it would be odd that if you took that deduction you shouldn't also claim a credit.
And, since it's not a rental property I thought property tax on a foreign home was no longer deductible (a recent change?) -- in the TT interview for deductions I'm asked to list all my other property taxes (ie second homes) and then it asks what amount is foreign and I don't think that is counted.
