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Investors & landlords
Foreign real property taxes are not deductible as an itemized deduction on schedule A for tax years 2018-2015.
26 IRC section 164(b)(6) and the TCJA page 131. https://www.law.cornell.edu/uscode/text/26/164
Nothing in the TCJA says that foreign property taxes assessed on rental real estate can't be deducted as a rental expense.
March 29, 2019
2:17 PM