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Lee-Ng
Level 2

2018 Federal, Property Tax limitation

For 2018, will the Federal $10K property tax deduction limitation apply to combine of the primary residence and rental property?
1 Best answer

Accepted Solutions
Texas Roger
Level 15

2018 Federal, Property Tax limitation

The $10,000 itemized deduction limit which is the total of property, state sales or income taxes does not apply to rental properties. There is no limit on claiming property taxes on rental properties. 

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4 Replies
Carl
Level 15

2018 Federal, Property Tax limitation

Business property, which includes rentals, is not subject to the limit. You can have a million dollars in property taxes on rental property, and every penny is deductible as a rental expense.
Lee-Ng
Level 2

2018 Federal, Property Tax limitation

Thanks for the answer.
Texas Roger
Level 15

2018 Federal, Property Tax limitation

The $10,000 itemized deduction limit which is the total of property, state sales or income taxes does not apply to rental properties. There is no limit on claiming property taxes on rental properties. 

Critter
Level 15

2018 Federal, Property Tax limitation

The limitation ONLY applies to the Sch A  NOT the Sch C, Sch E or Sch F. 

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