Property Tax Deduction

[amckinn1]

Scenario- Married filing Joint

Own Primary Residence - no mortgage, claim property taxes

Second Home - has mortgage, claim property taxes

Third Home - Parents live in, no rental income received - no mortgage, husband owns home

Where do I claim the property taxes on the third home? If under rental property, seems to be an issue with entering zero in the rental income space. 

Please advise. 

Thank you

[TomK2023]

If you don’t rent your property to make a profit, you can’t deduct rental expenses in excess of the amount of your rental income. 

Real estate taxes (property taxes) for third home get reported on Schedule A.  

Click on Federal tab > Deductions & Credits > Property (Real Estate) Taxes > Edit/Add

Keep in mind: You can deduct state and local tax (SALT) of up to $10,000 on your federal tax return. These taxes include:

• State and local income taxes
• General sales tax
• State and local real estate taxes
• State and local personal property taxes

[Opus 17]

The third home is not a rental.

You can deduct real estate taxes for all US personal property that you own as a schedule A itemized deduction.  There is no limitation for first/second home like there is for mortgage interest.  However, the deduction for all state and local taxes (including income and property taxes) is capped at $10,000, so adding the property taxes on the third home might not actually reduce your tax liability.