03-12-2006, 07:27 AM
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 Re: PROPERTY TAX ON INVESTMENT PROPERTY allout22[at]hotmail.com wrote: - quote - > I purchased some land (no structure on the property) that I
You should deduct the real estate property tax on Schedule A.> sold at a small loss after holding the land for less than a > year . My question is the property tax that I paid on the > land added to the purchase price for determiing my capital > loss . Also if I can not increase my capital loss by the > amount of property tax I paid can the tax be deducted on my > Schedule A . -Mark Bole << ================================================== ===== > << 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. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
03-10-2006, 04:14 AM
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| PROPERTY TAX ON INVESTMENT PROPERTY I purchased some land (no structure on the property) that I sold at a small loss after holding the land for less than a year . My question is the property tax that I paid on the land added to the purchase price for determiing my capital loss . Also if I can not increase my capital loss by the amount of property tax I paid can the tax be deducted on my Schedule A . Thank you for your responses. Regards Mason << ================================================== ===== > << 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. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| investment, property, tax |
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