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Business & farm
You own a second home and you pay the property taxes so you can enter the property taxes you paid as an itemized deduction--subject to the $10,000 cap on state and local taxes paid. No, you cannot deduct anything for repairs or maintenance since it is not a rental property and you are not collecting any rent.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
March 25, 2023
4:36 PM