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ek0
Returning Member

Co-op taxes SALT deduction

Is anyone using line 6 (instead of 5b) for property taxes paid as part of maintenance to the co-op management?

 

https://news.bloombergtax.com/daily-tax-report/insight-are-co-op-apartment-deductions-subject-to-the...

2 Replies
tagteam
Level 15

Co-op taxes SALT deduction

That sounds a bit risky, not unlike using Section 212 (Schedule A, Line 6) for real estate taxes on real estate held for investment purposes.

 

See https://ttlc.intuit.com/community/tax-credits-deductions/discussion/where-to-deduct-investment-prope...

 

rjs
Level 15
Level 15

Co-op taxes SALT deduction

ek0 originally posted a second link to another article, but the forum software mangled the link. Here's a link to the other article.

 

https://bit.ly/2M7XQx9

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