Can I deduct the property tax and household insurance on an inherited house in another state?
The inherited home, you will be able to deduct the property taxes on the home.
If the property is being rented or held out for rent then the insurance is deductible, otherwise, it is a personal nondeductible expense, if this is now a 2nd home.
Can I deduct the property tax and household insurance on an inherited house in another state?
The inherited home, you will be able to deduct the property taxes on the home.
If the property is being rented or held out for rent then the insurance is deductible, otherwise, it is a personal nondeductible expense, if this is now a 2nd home.
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