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Schedule A allows only property taxes for main residence and one 2nd / vacation home. Rental property accounts for property taxes on schedule-E. Other investment property such as land includes the property taxes etc. under suspended losses to be reconciled when the property is disposed off ( behaves like a change in adjusted basis )
Schedule A allows only property taxes for main residence and one 2nd / vacation home. Rental property accounts for property taxes on schedule-E. Other investment property such as land includes the property taxes etc. under suspended losses to be reconciled when the property is disposed off ( behaves like a change in adjusted basis )
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