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    dpdapper's Avatar
    dpdapper Posts: 1, Reputation: 1
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    #1

    Mar 5, 2010, 06:29 PM
    Are property taxes paid in France deductible as property taxes in the U.S.
    I have a secondary residence in France. Are the "taxes fonciéres" and "taxes d'habitation" deductible as real estate taxes on my U.S. return? According to IRS Tax Topic 503 (http://www.irs.gov/taxtopics/tc503.html), deductible real estate taxes include foreign taxes on real property provided they are charged uniformly on all properties and are based on the assessed value. Both taxes are, if I understand correctly, based on the theoretical rental value of the property.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 27, 2010, 02:38 PM
    In my opinion, yes, these are real estate taxes that are deductible as an itemized deduction.
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