Real estate taxes - deductible?

nycefarm_gwOctober 4, 2004

Are any or all real estate taxes deductible?

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gandbb

yes - for your primary home.

    Bookmark   October 4, 2004 at 6:59PM
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yborgal

We're able to deduct property taxes on rentals as well.

    Bookmark   October 4, 2004 at 8:31PM
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Jonesy

At our age, 77 and 67, we don't file long form. The amount the government allows is more than we have for deductions.

    Bookmark   October 4, 2004 at 9:30PM
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gandbb

we can deduct for rentals as well, but that would be a different form - an offset to rental income

    Bookmark   October 4, 2004 at 10:03PM
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nycefarm_gw

That's good news. I may actually be looking at a nice refund next year between the mortgage interest paid and real estate taxes. Now, what to do with it...
Thanks!
Val

    Bookmark   October 5, 2004 at 8:33AM
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theresas

Invest! Save! Both! LOL

    Bookmark   October 5, 2004 at 10:48PM
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daddyweebucks

Property taxes on second homes (non-rental) are deductible also. So are taxes on raw land held for investment.

    Bookmark   October 10, 2004 at 11:03PM
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kathyg_in_mi

We claim our taxes and interest on our home and our cottage, plus we claim the taxes we pay on our 2 empty lots.
Kathy G in MI

    Bookmark   October 23, 2004 at 11:48PM
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