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Is there a limitation for investment real estate property taxes?

Holly1213
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itonewbie
Level 15

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
Level 15

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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Still an AllStar
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