I want to know land tax deductible or not? TP using itemized deduction.
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Land tax deductible?
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Originally posted by helptax View PostI am sorry if there is anything not right. My apology Gabriele. I am quite new using tax discussion on the web.
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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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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