$10,000 property tax deduction cap impact on house hacking

[Chiwei C.]

Hi!

Just have a very quick question regarding the newly proposed $10,000 property & state income tax deduction cap. 

How would it affect the property tax deduction for house hacking (buying a multifamily and living in one unit while renting out the others) for someone who decides to opt for the $10,000 state & local income tax deduction instead?

Was originally planning on house hacking in NJ but possibly having second thoughts depending on the impact of the new bill.

Thanks for your input!