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December 7, 2019
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Is there a limitation for investment real estate property taxes?

  • December 7, 2019
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Best answer by itonewbie

No specifically.  Real property taxes are specifically allowed under §164 except any portion related to local benefits is disallowed under §1.164-4.  So long as these are not foreign real property taxes, they are not affected by TCJA.

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itonewbie
itonewbieAnswer
Level 15
December 7, 2019

No specifically.  Real property taxes are specifically allowed under §164 except any portion related to local benefits is disallowed under §1.164-4.  So long as these are not foreign real property taxes, they are not affected by TCJA.

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