I own 2 houses: 1) my primary home; 2) another home my parents live in which has been paid off. Can I still deduct the properties taxes I paid on their house?
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New Member

I own 2 houses: 1) my primary home; 2) another home my parents live in which has been paid off. Can I still deduct the properties taxes I paid on their house?

No rent is collected on my parents home if this makes a difference.  Also, I'm already claiming a deduction on the property taxes I paid for my primary home.

4 Replies
Level 10

I own 2 houses: 1) my primary home; 2) another home my parents live in which has been paid off. Can I still deduct the properties taxes I paid on their house?

Yes, you may deduct the property tax as an itemized deduction since it is only being used for personal use. Please see the FAQ below for more information.


Can I deduct real estate tax?  https://ttlc.intuit.com/replies/3300663

New Member

I own 2 houses: 1) my primary home; 2) another home my parents live in which has been paid off. Can I still deduct the properties taxes I paid on their house?

I have the same situation, except I have a small mortgage on my parent house, that I pay.  I did as the turbo tax response said.  Now however I need to sell the house and by them a smaller condo, I plan to roll the profits from this home into the condo.  My real estate agent suggested doing a 1031 exchange tp ease the capital gains.  But I don’t have the property listed as an investment property.  Would it still be eligible?  Or will I just owe the capital gains even though I am reinvesting?

Level 15

I own 2 houses: 1) my primary home; 2) another home my parents live in which has been paid off. Can I still deduct the properties taxes I paid on their house?

 
Level 15

I own 2 houses: 1) my primary home; 2) another home my parents live in which has been paid off. Can I still deduct the properties taxes I paid on their house?

If this was never a RENTAL property then a 1031 exchange would not be appropriate ...  so if this was a second home that you let your parents live in  you will have a reportable sale on which capital gains will be taxed.  Purchasing another property with the proceeds of the sale are immaterial. 

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