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Level 1
June 4, 2019
Solved

Can I deduct property taxes as a farm expense when I have 80 agricultural acres but also live in a home on the land?

  • June 4, 2019
  • 1 reply
  • 25 views
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Best answer by JohnW15

You can deduct the portion of the property tax attributable to your farmland as a farm expense.  The property tax attributable to your home can be deductible as an itemized deduction.

1 reply

JohnW15Answer
Level 10
June 4, 2019

You can deduct the portion of the property tax attributable to your farmland as a farm expense.  The property tax attributable to your home can be deductible as an itemized deduction.