Land tax deductible?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • helptax
    Junior Member
    • Feb 2007
    • 13

    #1

    Land tax deductible?

    I want to know land tax deductible or not? TP using itemized deduction.
  • Gretel
    Senior Member
    • Jun 2005
    • 4008

    #2
    Choose between the 2 replies:

    a. Yes, but it depends. Could also be added to basis.

    b. I didn't feel like responding at all the way you asked.

    Comment

    • helptax
      Junior Member
      • Feb 2007
      • 13

      #3
      I am sorry if there is anything not right. My apology Gabriele. I am quite new using tax discussion on the web.

      Comment

      • S T
        Senior Member
        • Jun 2005
        • 5053

        #4
        Newbie

        Welcome to TB,

        For future posts, remember the more information given, the better the response!

        Sandy

        Comment

        • dsi
          Senior Member
          • Dec 2005
          • 705

          #5
          What is the land being used as? Business? Investment? Something else?
          Dave, EA

          Comment

          • Brian EA
            Senior Member
            • Dec 2005
            • 786

            #6
            Originally posted by helptax
            I want to know land tax deductible or not? TP using itemized deduction.
            Yes it is deductible on Sch A .

            brian
            Everybody should pay his income tax with a smile. I tried it, but they wanted cash

            Comment

            • Jiggers
              Senior Member
              • Sep 2005
              • 1973

              #7
              What is property used for?

              Originally posted by dsi
              What is the land being used as? Business? Investment? Something else?
              This needs to be answered to give a proper response. Could be Schedule A, C, E, or F. Or maybe not deductible at all.
              Jiggers, EA

              Comment

              • Gretel
                Senior Member
                • Jun 2005
                • 4008

                #8
                Originally posted by helptax
                I am sorry if there is anything not right. My apology Gabriele. I am quite new using tax discussion on the web.
                Hi Helptax,

                Welcome from me too. I, myself have problems to say clearly and to the point what I want to say or ask. What ticked me off was more the beginning: "I want to know...". I have a sore spot every time someone says: "I need to know" or "I want to know" if they actually need help but don't ask. Nothing personal.

                Comment

                • helptax
                  Junior Member
                  • Feb 2007
                  • 13

                  #9
                  Thank you all for all the responses you made.

                  Comment

                  • Joe Btfsplk
                    Senior Member
                    • Dec 2005
                    • 527

                    #10
                    Without beating around the bush...

                    I think I understand the question. Tax on Land or any other Real Estate is deductible on Schedule A without any qualifications.
                    However there are sometimes other options such as deducting it as an expense for Rental Property or as a business expense if the Land is used for business or Farm purposes.
                    Personal Property tax is also deductible on Schedule A.

                    Comment

                    Working...