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Deductions & credits

Yes, the property tax you pay on your timeshare is deductible in 2018.  The $10,000 cap on deducting State and Local Tax (SALT) only applies to itemized deductions.  It has no impact on the deduction for rental property, so even if your SALT deduction is capped for Schedule A, you can still deduct the tax for a rental on Schedule E.

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