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