I just made a video on this exact question, There is no reason to fear:
https://youtu.be/wUvYRKFvdeEFor those Buy & Hold Rental Real Estate Investors who have been concerned with the 2018 Tax Law that put a cap on personal property tax deductions to $10,000.
If you are house hacking: Property taxes on the portion of the property that you occupy are reported on Schedule A and are subject to the new limitation($10k).
Property taxes on the portion of the property that your tenants occupy are reported on Schedule E and are not subject to the new limitation.
We househack(owner-occupy) a 4-family home. That costs $12,000 in taxes. We also have a 3 fam with $14,000 in taxes.
So I would put $12k/4= $3,000 deduction on my schedule A for my personal portion of the quadplex.
Then the remaining $9,000 + $14,000 = $23,000 in schedule E.
And since the $10k combined cap on property tax deduction + state income tax is only limited to schedule A (personal property tax deductions). I will not be losing out on any deductions. Hope you all are in a similar boat.