Will I still be able to deduct property taxes on my rental property under the new law if I already reach $10,000 SALT cap deduction through personal home property tax?

auntlenie · ‎June 3, 2019

Hal_Al · ‎June 3, 2019

Yes. The property tax on your rental property is deducted on Schedule E. It is directly related to the rental income and not part of the itemized persoanl deductions on schedule A. It's essentially a "business deduction"

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SweetieJean · ‎June 3, 2019

The "new law" has not yet been enacted.

Hal_Al · ‎June 3, 2019

Yes. The property tax on your rental property is deducted on Schedule E. It is directly related to the rental income and not part of the itemized persoanl deductions on schedule A. It's essentially a "business deduction"

Will I still be able to deduct property taxes on my rental property under the new law if I already reach $10,000 SALT cap deduction through personal home property tax?

Will I still be able to deduct property taxes on my rental property under the new law if I already reach $10,000 SALT cap deduction through personal home property tax?

Will I still be able to deduct property taxes on my rental property under the new law if I already reach $10,000 SALT cap deduction through personal home property tax?

Will I still be able to deduct property taxes on my rental property under the new law if I already reach $10,000 SALT cap deduction through personal home property tax?

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Will I still be able to deduct property taxes on my rental property under the new law if I already reach $10,000 SALT cap deduction through personal home property tax?

Will I still be able to deduct property taxes on my rental property under the new law if I already reach $10,000 SALT cap deduction through personal home property tax?

Will I still be able to deduct property taxes on my rental property under the new law if I already reach $10,000 SALT cap deduction through personal home property tax?

Will I still be able to deduct property taxes on my rental property under the new law if I already reach $10,000 SALT cap deduction through personal home property tax?

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