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Level 3
posted Sep 28, 2022 2:25:10 PM

any new real estate tax laws (for 2022)

any new tax laws (either in discussion or passed for 2022) in the following areas

- buying and selling real estate (land, lots, houses) in 2022 and beyond

- inheriting real estate property from a parent or a grand parent

- taking over real estate property held as joint tenants with a parent

 

Thanks

0 1 608
1 Replies
Employee Tax Expert
Sep 28, 2022 4:41:59 PM

Hi Loufurut,

 

Happy to answer your questions! For now the current changes are related to credits and rebates related to your home. Real estate taxes are still deductible on Schedule A (limited to the $10,000 SALT cap).

 

Cheers,

Laura