diff --git a/src/Tasks/Microsoft.NET.Build.Tasks/targets/Microsoft.NET.Sdk.FSharp.props b/src/Tasks/Microsoft.NET.Build.Tasks/targets/Microsoft.NET.Sdk.FSharp.props
index 8feb039589b0..9906eae613c5 100644
--- a/src/Tasks/Microsoft.NET.Build.Tasks/targets/Microsoft.NET.Sdk.FSharp.props
+++ b/src/Tasks/Microsoft.NET.Build.Tasks/targets/Microsoft.NET.Sdk.FSharp.props
@@ -28,8 +28,4 @@ Copyright (c) .NET Foundation. All rights reserved.
   </PropertyGroup>
   <Import Condition=" '$(UseBundledFSharpTargets)' == 'true' and Exists('$(FSharpPropsShim)') " Project="$(FSharpPropsShim)" />
 
-  <PropertyGroup>
-    <ProduceReferenceAssembly>false</ProduceReferenceAssembly>
-  </PropertyGroup>
-
 </Project>
diff --git a/src/Tasks/Microsoft.NET.Build.Tasks/targets/Microsoft.NET.TargetFrameworkInference.targets b/src/Tasks/Microsoft.NET.Build.Tasks/targets/Microsoft.NET.TargetFrameworkInference.targets
index 52f797ec766a..990c01e6c6b0 100644
--- a/src/Tasks/Microsoft.NET.Build.Tasks/targets/Microsoft.NET.TargetFrameworkInference.targets
+++ b/src/Tasks/Microsoft.NET.Build.Tasks/targets/Microsoft.NET.TargetFrameworkInference.targets
@@ -233,7 +233,8 @@ Copyright (c) .NET Foundation. All rights reserved.
   </PropertyGroup>
 
   <PropertyGroup>
-    <ProduceReferenceAssembly Condition="'$(ProduceReferenceAssembly)' == '' and '$(TargetFrameworkIdentifier)' == '.NETCoreApp' and $([MSBuild]::VersionGreaterThanOrEquals($(TargetFrameworkVersion), 5.0)) and ('$(ProduceOnlyReferenceAssembly)' != 'true')" >true</ProduceReferenceAssembly>
+    <ProduceReferenceAssembly Condition="'$(ProduceReferenceAssembly)' == '' and '$(TargetFrameworkIdentifier)' == '.NETCoreApp' and $([MSBuild]::VersionGreaterThanOrEquals($(TargetFrameworkVersion), 5.0)) and ('$(ProduceOnlyReferenceAssembly)' != 'true') and '$(MSBuildProjectExtension)' != '.fsproj'" >true</ProduceReferenceAssembly>
+    <ProduceReferenceAssembly Condition="'$(ProduceReferenceAssembly)' == '' and '$(TargetFrameworkIdentifier)' == '.NETCoreApp' and $([MSBuild]::VersionGreaterThanOrEquals($(TargetFrameworkVersion), 7.0)) and ('$(ProduceOnlyReferenceAssembly)' != 'true') and '$(MSBuildProjectExtension)' == '.fsproj'" >true</ProduceReferenceAssembly>
   </PropertyGroup>
 
   <!--