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Investors & landlords
If you meant to ask about the 2018 limits (tax returns filed early in 2019), the rental property is not affected. That is deductible in full, and does not affect any other limits.
For 2018 Your Itemized deduction (tax returns filed early in 2019) for (1) State and Local Income tax, PLUS (2) Real Estate taxes on your non-rental homes, is limited to a TOTAL of $10,000.
For 2018 Your Itemized deduction (tax returns filed early in 2019) for (1) State and Local Income tax, PLUS (2) Real Estate taxes on your non-rental homes, is limited to a TOTAL of $10,000.
‎June 6, 2019
7:45 AM