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Updated about 6 years ago,

User Stats

47
Posts
16
Votes
Jim T.
  • Ventura County, CA
16
Votes |
47
Posts

Deducting State Income Tax for Rental Income

Jim T.
  • Ventura County, CA
Posted

This question is not really for me because it won't make much difference for me but I want to throw it out there to see if the tax experts can weigh in. Perhaps it would be helpful for others.

Can you deduct the state income tax paid for the rental income on Schedule E? Possibly calculating the percentage of rental income to all income and multiplying that by the total state tax paid. The reason this might be helpful is some people may be limited on deducting state income taxes because of the SALT limit of $10,000.    

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