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Level 2
January 29, 2021
Question

I pay property taxes on a boat slip that I own. Can I deduct those property taxes?

  • January 29, 2021
  • 1 reply
  • 2 views
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1 reply

Level 15
January 29, 2021

Yes, you can deduct all real property (real estate) taxes you pay, not just your house/residence.  All your combined total tax deductions (state and local sales tax or income tax, real property tax, personal property tax) is still subject to the $10,000 SALT cap. 

Level 2
January 29, 2021

Thanks Champ.  Do I need to make separate line entries or do I add up the total property taxes and insert them as 1 line item? 

AmyC
Level 15
January 29, 2021

The program adds it all together for your tax return. If you want to add it all together for one line entry, you can. Same result in the end.

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