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

    Feb 2, 2012, 05:32 PM
    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.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 3, 2012, 07:04 AM
    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
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Feb 3, 2012, 09:30 AM
    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 ?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #4

    Feb 3, 2012, 10:25 AM
    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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