Allocation Real Estate Taxes

[pecfb-33]

I own 20 acres of woodland/pastureland and my personal residence is on this land.  On schedule E, can I claim the entire $6000 Real Estate tax bill as an expense on schedule E even though the pastureland rental is only $1,000 or am I required to allocate only a portion of RE taxes to schedule E?  If required to do an allocation, what do I base the allocation on? Is there an IRS publication that provides guidance on this?

[DavidS127 · Accepted solution]

You need to allocate the real estate taxes to your rental based on the property tax appraisal.  It should show the value the land versus the structures.

The IRS "Tax Tips" website at this link refers you to IRS Publication 527 at this link for more information about if you rent part of your property.