Foreign Real Estate Taxes

Viewing 4 posts - 1 through 4 (of 4 total)
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  • #2781939 Reply
    Captain Awesome
    Participant

    I'm a little confused. I have been listening to the Ninja audio for two months now and in it Jeff states that foreign personal property tax is not deductible (the exotic car) but foreign real estate tax (for the sweet European villa) is deductible. However, in the Ninja notes it states that after TCJA foreign real estate tax is no longer deductible. Is the audio portion outdated, or am I missing something. Please bring me clarity 🙂

    AUD - 80
    BEC - 80
    FAR - 82
    REG - 82
     

     

     

    #2782272 Reply

    Someone else asked me this and then re-listened and I mention TCJA in the audio and the change – it is possible you missed it?

     
    Jeff Elliott, CPA (KS)
    NINJA CPA Review
    #2994158 Reply
    EarlyBird
    Participant

    I agree with Captain Awesome. On the Individual Taxation Audio between 21:04 – 21:39 it says foreign real estate tax is deductible. I am listening to the most recent REG audio directly from the Ninja CPA website. I didn’t hear a reference to the change due to TCJA. Am I missing something?

    #2994269 Reply

    Nope – you're not missing something…I just listened to it and it says it's deductible, which is incorrect (the ninja notes have it correct).

    I shall fix. Thank you for letting me know!

    jeff

     
    Jeff Elliott, CPA (KS)
    NINJA CPA Review
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