katiej_1958[at]yahoo.com (Katie Jaques) writes:

- quote -

Massachusetts does not.

But then MA doesn't allow a resident to deduct property
taxes, period :-)

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

bmsdelp[at]aol.com (Bmsdelp) wrote:

- quote -

I can't think of a state that does not allow a resident to
deduct property taxes paid on out-of-state property.

Many states even allow a pro rata deduction of such taxes to
nonresidents.

Katie in San Diego

The foregoing is intended for educational purposes only and does not
constitute legal or professional advice.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

Bmsdelp wrote:

- quote -

I can't say for certain about NY, but CA and AZ make it
clear that "foreign" property taxes can be deducted as such.
(I assume you mean "property taxes" when you say "real
estate taxes". I can't think of any other Federally
deductable "real estate tax" at the moment.)

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

"Bmsdelp" <bmsdelp[at]aol.com> wrote:

- quote -

Because there isn't anything. They are deductible for NYS
purposes.

--
Bruce E. Cobern, CPA
mailto:bec[at]pipeline.com

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

- quote -

Yes they can. Just be sure the standard deduction is not
better on the NYS return. It usually is.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

A question on itemized deductions. I can't believe that New
York allows a deduction for Florida real estate taxes. But
I can't find anything that disallows it.

Assume that line 5 of the 2003 Schedule A lists the
following Real estate taxes
Residence Domicile - New York City tax 6,000.00
Winter - Florida (non-rental) tax 2,000.00

IT-201-ATT
line 2
Taxes you paid (from Federal Sched A, line 9) 8,000.00

line 9 reverses State, local, and foreign INCOME taxes and
other subtraction adjustments (see page 49)
Does New York allow Florida real estate tax deductions, I
cannot find where this (or New York real estate tax) would
be reversed.

I guess the simple question is: Can real estate taxes be
deducted (itemized deductions) from New York State taxes.

Thanks.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->