Items listed on the real estate tax bill for my rental property are grouped in 3 buckets:
- direct percentage of the property's assessment (1% in Sonoma Cnty, Ca); this is the bulk of the bill
- multiple items taxed at various percentage rates of the property's assessment (school bonds, projects, etc.); this adds up to a little over 10% of the bill
- a few fixed-amount fees (e.g., an assessment from the Marin/Sonoma Mosquito and Vector Control District, storm water management fee, etc.); this is tiny, at less than 1% of the bill
Can I deduct all 3 amounts? If so, would they all go under Real Estate Taxes on BUSINESS tab in TTH&B2024 (it looks like it goes on line 16a on the Schedule E Worksheet), or do I need to split them into other places?
Also, I understand that in the case of main residence, only 1 would be deductible; please, confirm.
