SALT year 2018 $10K CAP. Does it include property tax?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • mdelgado10
    Junior Member
    • Feb 2018
    • 12

    #1

    SALT year 2018 $10K CAP. Does it include property tax?

    Does the 2018 $10,000 limit on personal property tax on schedule A include real estate taxes?
  • TaxGuyBill
    Senior Member
    • Oct 2013
    • 2321

    #2
    Yes, the $10,000 limit applies to the combined total of (1) Real Estate taxes, (2) Personal Property Tax, (3) State Income Tax, and (4) Sales Tax.

    Comment

    • Rapid Robert
      Senior Member
      • Oct 2015
      • 1983

      #3
      Originally posted by TaxGuyBill
      Yes, the $10,000 limit applies to the combined total of (1) Real Estate taxes, (2) Personal Property Tax, (3) State Income Tax, and (4) Sales Tax.
      And real estate taxes on foreign property no longer are included even in the $10K.
      "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
      "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard

      Comment

      Working...