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rer7755
New Member

Inheriting my parent's home in May 2019 and I paid the taxes on this property can I claim this too! I also have my own home too!

i can claim both homes taxes if i own them?
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ReginaM
Expert Alumni

Inheriting my parent's home in May 2019 and I paid the taxes on this property can I claim this too! I also have my own home too!

Yes, you can claim the taxes paid on your second home on your 1040 Schedule A only if you did not use it for business and assessed uniformly at a like rate on all real property throughout the community and the proceeds are used for general community or governmental purposes.  Here are the instructions for itemized deductions, IRS Form 1040 Schedule A should you have additional questions on what you can deduct.

 

 

 

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ReginaM
Expert Alumni

Inheriting my parent's home in May 2019 and I paid the taxes on this property can I claim this too! I also have my own home too!

Yes, you can claim the taxes paid on your second home on your 1040 Schedule A only if you did not use it for business and assessed uniformly at a like rate on all real property throughout the community and the proceeds are used for general community or governmental purposes.  Here are the instructions for itemized deductions, IRS Form 1040 Schedule A should you have additional questions on what you can deduct.

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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