There may be a thread on this, idk...please educate me!

Looking for advice or explanations on how to avoid the $10k limit on property tax deductions under the new tax code. I am have my main home which property taxes are roughly $13k and about to purchase a investment property where property tax will be around $6k.

I saw an article recently about using a grantor trust? honestly, I am new to this and don't understand. Please forgive my ignorance. Just looking for information and/or possible links to good information.

Oh boy.

Let me know if you want mortgage.

Thank you!

Thank you

For tax purposes, real estate is passive and passive losses can only be deducted to the extent of passive income. So there is that limitation.