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-   -   Real estate taxes (https://www.askmehelpdesk.com/showthread.php?t=632760)

  • Feb 2, 2012, 05:32 PM
    wampole
    Real estate taxes
    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.
  • Feb 3, 2012, 07:04 AM
    ebaines
    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
  • Feb 3, 2012, 09:30 AM
    Fr_Chuck
    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 ?
  • Feb 3, 2012, 10:25 AM
    ebaines
    Quote:

    Originally Posted by Fr_Chuck View Post
    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 ?

    Absolutely. The only restruiction is that the property is for your personal use, like a vacation home - not used for business or rented out.

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