- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The purchase of a personal residence, not used in a business or as a rental, is not reported on a federal tax return.
The property taxes paid can be entered as an itemized deduction on Schedule A. However, if the total of all your itemized deduction are less than the Standard Deduction for your filing status there is no point in entering itemized deductions.
‎September 6, 2022
10:44 AM
438 Views