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Deductions & credits
Two other aspects:
The deduction for real estate taxes is limited if your adjusted gross income (AGI) exceeds certain amounts. See this IRS reference for details: https://www.irs.gov/publications/p17/ch29.html#en_US_2013_publink1000300882
Also, you cannot deduct real estate taxes if you are subject to the Alternative Minimum Tax (AMT). See this for more details on the AMT: https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Return/Alternative-Minimum-Tax--Common-Questi...
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎June 5, 2019
10:34 PM