<srobinson11[at]cox.net> wrote:

- quote -

Certainly.

- quote -

As previously noted, Schedule E is for rental property.

- quote -

I'd classify those as an investment expense, a miscellaneous itemized
deduction on Schedule A. There might be a way to capitalize them, but
that's beyond my pay grade.
--
Phil Marti
Clarksburg, MD

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On Jan 28, 7:48 pm, srobinso...[at]cox.net wrote:
- quote -


If it is investment property, the expenses are deductible on Sch A,
subject to the various limitiations
(investment interest, 2% floor on misc deductions etc)

Only if its rental property do you use sch E




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My wife inherited some vacant land from her father which she is
holding as an investment. Can she deduct the real estate taxes paid
for this land on Schedule A ? Or would she use schedule E ? There
were also some legal fees associated with this land that I don't think
would be deductible on Schedule A but might be on Schedule E.

Steve

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