turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I deduct property taxes as a farm expense when I have 80 agricultural acres but also live in a home on the land?

 
1 Best answer

Accepted Solutions
JohnW15
Intuit Alumni

Can I deduct property taxes as a farm expense when I have 80 agricultural acres but also live in a home on the land?

You can deduct the portion of the property tax attributable to your farmland as a farm expense.  The property tax attributable to your home can be deductible as an itemized deduction.

View solution in original post

1 Reply
JohnW15
Intuit Alumni

Can I deduct property taxes as a farm expense when I have 80 agricultural acres but also live in a home on the land?

You can deduct the portion of the property tax attributable to your farmland as a farm expense.  The property tax attributable to your home can be deductible as an itemized deduction.

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing

Related Content

Manage cookies