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?

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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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?

The "new law" has not yet been enacted.

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?

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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