in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
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No, only the total of the property tax plus sales tax (income tax) is subject to the $10,000 limitation. The mortgage interest is fully deductible as long as the mortgage loan is not over $750k/ $1 million depending on when you took out the mortgage.
No, only the total of the property tax plus sales tax (income tax) is subject to the $10,000 limitation. The mortgage interest is fully deductible as long as the mortgage loan is not over $750k/ $1 million depending on when you took out the mortgage.
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