- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@Anonymous wrote:
Sch A? Sch E? I am not a real estate dealer, just bought property that I expect will increase in value and not currently renting it out. It's just sitting there for now.
Schedule A, but there is a $10k limit.
See https://www.irs.gov/instructions/i1040sca#idm140545383471856
If you are above the limit, you could consider capitalizing the property taxes.
See https://www.irs.gov/publications/p551#en_US_201812_publink1000256944
‎September 1, 2019
11:20 AM