TTB pg 6-2 HUD school taxes....deductible

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  • AZ-Tax
    Senior Member
    • Feb 2008
    • 2604

    #1

    TTB pg 6-2 HUD school taxes....deductible

    TTB does not mention school taxes so thought I check with members of this board if school taxes paid by the seller is deductible on the sellers tax return.
  • Gary2
    Senior Member
    • Aug 2010
    • 2066

    #2
    If they meet the general requirements of a deductible real estate tax, then yes. The IRS doesn't care whether it's a township, county, school district, or whatever, as long as it's a governmental authority, based on value (and not an event) and not to pay for a specific service or improvement (betterment).

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