Quick question. If one itemizes their deductions and includes Property tax (SALT), can you also deduct the portion to the rental income? For example, I make 50k in rental income and my duplex has property taxes of 20K, would I be able to include the 20K in the SALT deduction as well as reducing my rental income by the portion of the rental property?
Posted by NYCer11
2 Comments
No you can’t deduct the property tax of the rental portion on the schedule A if you deducted it on your schedule E.
Hard no