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You can deduct taxes you paid on real estate if the following qualifications are met: ... These taxes are based on the assessed value of your property. ... TaxSlayer.com Help Center .: Tax Tips!!! .: Finding Deductions .: What real estate taxes can I deduct on my return?
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www.taxslayer.com/support/article.php?id=068
www.taxslayer.com/support/article.php?id=068
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I bought a house and sold a house in 2007. For my 2007 taxes, I don't know which property taxes I can deduct. ... I'm guestimating ~$5000 -- based on 2006 total taxes of $10k). So (even though you paid the buyer some of them) you can claim $3000 (2006) + $7000 (2006) + $5000 (2007) for a total of $15k for property A.
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forums.kiplinger.com/showthread.php?t=12672
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Generally, you can deduct property taxes only if you are the property owner. If your spouse owns property and pays real estate taxes on it, ... The tax must be paid during your tax year. If you are a cash basis taxpayer, you can deduct only those taxes paid during the calendar year for which you file a return. If you pay...
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www.unclefed.com/TaxHelpArchives/1998/Pub17/b172401.htm...
www.unclefed.com/TaxHelpArchives/1998/Pub17/b172401.html
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In order to deduct any state and local personal property taxes paid, the IRS states you can deduct state and local personal property taxes/sales taxes paid in lieu of state and local income taxes paid. ... Q: Can I deduct any taxes I have paid?
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taxes.lifetips.com/faq/127295/0/can-i-deduct-any-taxes-...
taxes.lifetips.com/faq/127295/0/can-i-deduct-any-taxes-i-have-paid/index.html
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Q: Can I deduct state sales taxes I paid in 2005? ... Can I deduct anything from a house closing on my taxes? ... Can I deduct sales tax on my returns?
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taxes.lifetips.com/faq/109300/0/can-i-deduct-state-sale...
taxes.lifetips.com/faq/109300/0/can-i-deduct-state-sales-taxes-i-paid-in-2005/index.html
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Q: My main residence in New Hampshire is fully paid for. I own a vacation house in Florida and recently bought another in New Hampshire, about 75 miles from my residence. Can I deduct state taxes I paid on the three houses and the mortgage interest from the two vacation homes?
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www.kiplinger.com/columns/taxexperts/archive/2008/03/ta...
www.kiplinger.com/columns/taxexperts/archive/2008/03/tax-deductions-on-multiple-homes.html
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A real estate tax can be deducted only by the owner of the property upon which the tax is imposed. Therefore, if the deed to the property lies in your mother's name, you are not entitled to a deduction for the real estate taxes even if ... I paid my mother's real estate taxes last year. Can I deduct this on my tax return?
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www.360financialliteracy.org/Life+Stages/Sandwich+Gener...
www.360financialliteracy.org/Life+Stages/Sandwich+Generation/FAQs/Taxes/I+paid+my+mothers+real+estate+taxes+last+year.++Can+I+deduct+this+on+my+tax+return.htm
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The rent you collect is income, and the interest on your mortgage plus other expenses of owning are deductible against that income. In addition, you can depreciation on the structure over a period of 27.5 years This means that 1/27.5 of the price you paid for the structure is deductible each year.
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home.ivillage.com/homeoffice/tax/0,,nwmz,00.html
home.ivillage.com/homeoffice/tax/0,,nwmz,00.html
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My aunt wants to deed over her wooded property of about 77 acres.....but will i owe capital gains taxes on this if she does....? ... I bought property for $2000 and put $52,000 toward improvements including a cabin. I sold it recently for $65,000. Can I deduct what I spent on improvements and only pay on what I actually made?
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www.answerbag.com/q_view/4432
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