
Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deduct tax on foreign property investment
In 2021 I purchased foreign property as an investment. The tax laws in the foreign country also required me to pay a "real estate purchase tax", a sales tax of sorts I guess. Is this something that I can deduct on my tax return? Does it fall under the state and local limit of $10k? (if that is the case, I'm still better off with the standard deduction).
Topics:
‎January 24, 2022
10:03 PM