If you don’t rent your property to make a profit, you can’t deduct rental expenses in excess of the amount of your rental income.
Real estate taxes (property taxes) for third home get reported on Schedule A.
Click on Federal tab > Deductions & Credits > Property (Real Estate) Taxes > Edit/Add
Keep in mind: You can deduct state and local tax (SALT) of up to $10,000 on your federal tax return. These taxes include:
- State and local income taxes
- General sales tax
- State and local real estate taxes
- State and local personal property taxes
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
