Real Estate Taxes

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  • taxconnected
    Junior Member
    • Feb 2008
    • 17
    #1

    Real Estate Taxes

    Just read that there can be a Real Estate Tax deduction for those who don't itemize. Suppose to be for this year and next year. (Don't know why I didn't pick up on this earlier.
    Anyway I use ATX and was fooling aroung with the worksheet that accompanies line 39c.
    Not sure if it is working correct as It doesn't pick up my self employment income on line 3
    Also think there is some wrong instructions on line 7/8.
    Anybody know something?
    Thanks in advance
    Tags: None
    • Bees Knees
      Senior Member
      • May 2005
      • 5456
      #2
      It was part of the Housing Assistance Act of 2008, along with the first-time homebuyer credit and other stuff.

      TTB - Free Services
      http://www.thetaxbook.com/view_update.asp?1=107
      TheTaxBook is the #1 fast-answer tax publication in America. Our publications provide fast answers to tax questions for tax practitioners!

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        • Chief
          Senior Member
          • Jun 2005
          • 799
          #3
          Real Estate Taxes

          as a deduction for those who do not itemized is listed on the new Form 1040.

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