What is the rule for deducting real estate taxes on properties. I have two places, my house where I live and my get away place.
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What is the rule for deducting real estate taxes on properties. I have two places, my house where I live and my get away place.
You can deduct real estate taxes on both properties. Just put the total of both taxes on line 6 of schedule A.
See IRS Publication 530 for more details on deducting taxes as well as mortgage interest: www.irs.gov/pub/irs-pdf/p530.pdf
So even if I have a property in another state that I pay property tax on, don't live there, only have it for a vacation home I use a few times a year, I can deduct the property tax off my Federal taxes ?
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