Carl
Level 15

Deductions & credits

Real estate that you purchase for personal use is not reported anywhere on a federal tax return. Business use is a different story, depending on the type of business (rental, business you own, etc.) But any property taxes paid on the property would be a SCH A itemized deduction. If the property is mortgaged and meets certain criteria, then any mortgage interest paid would also be an itemized SCH A deduction.