Federal Tax

Co-op Pass through & Real estate Tax deduction Limits

  • 1.  Co-op Pass through & Real estate Tax deduction Limits

    Platinum Most Valuable Member
    Posted 10-23-2019 08:24 AM
    Gentlemen


    i have heard discussions regarding the Taxes which pass through  to Co-OP shareholders.  Some have indicated that  this particular  component of an individual's Real Estate tax deduction is not subject to the $10,000 ceiling limit which has recently imposed.
    i was not aware of any exception to the limit.

    Is this true ? Can anyone comment ?


    Regards



    Abby

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    Abby Alhante
    KURCIAS & ALHANTE, CPAs LLC
    Melville NY
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