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    Land tax deductible?

    I want to know land tax deductible or not? TP using itemized deduction.

    #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.

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

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        #4
        Newbie

        Welcome to TB,

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

        Sandy

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

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            #6
            Originally posted by helptax View Post
            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

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              #7
              What is property used for?

              Originally posted by dsi View Post
              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

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                #8
                Originally posted by helptax View Post
                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.

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

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                    #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.

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