We live in a CCRC where we pay a monthly fee. A portion of this fee covers our annual RE tax. Is this or any portion of it deductible?

[AlexisH2 · Accepted solution]

You are able to deduct the portion that was specifically used for real estate taxes.

[Bsch4477]

If part of that monthly fee covers medical care you can also use that as an itemized medical deduction subject to the 7.5% threshold.

[crtrent]

Thank you.  We have a Type C contract and live in independent housing with no medical costs associated with the CCRC so this may not apply at this time.

[jgs]

You should ask the financial officer at the CCRC, they should be able to provide you the percentage of your monthly fee that is deductible.