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Are there ways to deduct partnership-paid property tax without exceeding the new 10k limit, such as on the partnership return itself, or different treatment on my return?
i am in a partnership (pass-through entity) that pays real estate (property) taxes. i used to just deduct my share of the property taxes, reported on the k-1, as part of schedule A. with the new 10k limit, the additional property taxes from the partnership are effectively no longer deductible in this manner. is there a different treatment either on my return, or my partnership's return that would recover this deduction?
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‎June 6, 2019
12:38 AM