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Do i have to claim the interest on property tax for land that i own?

I own 5 achers of unoccupied land, do i have to claim the interest on property taxes i pay?
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KenH1
New Member

Do i have to claim the interest on property tax for land that i own?

No, you are not required to. But, if you are itemizing your deductions (i.e. not taking the standard deduction) then it would benefit you to deduct any property taxes and any interest on property taxes that you paid in 2016.

Not sure if you're itemizing?  See below:

https://ttlc.intuit.com/replies/4208574

Hope this helps.

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1 Reply
KenH1
New Member

Do i have to claim the interest on property tax for land that i own?

No, you are not required to. But, if you are itemizing your deductions (i.e. not taking the standard deduction) then it would benefit you to deduct any property taxes and any interest on property taxes that you paid in 2016.

Not sure if you're itemizing?  See below:

https://ttlc.intuit.com/replies/4208574

Hope this helps.

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