TaxHelp222
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Do you have to make the 266 election/ statement every year?Or once you make it, can you just continue to capitalize property taxes and HOA fees on vacant land?
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Do I have to file a 266 election annually, or once I make it I can continue to capitalize property taxes and another carrying cost on vacant land until I sell i...
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So I can elect to add my property taxes to the basis of mu primary residence?
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Due to the fact that the current SALT cap is $10K, effectively making property taxes not deductible for many people who lives in states with state income taxes,...
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Activity Feed for TaxHelp222
- Posted Re: how can i make an election under sec 266 in turbo tax on State tax filing. March 28, 2025 5:12 AM
- Posted Re: How do I make an election in Section 266 to capitalize the taxes paid to the basis of vacant ... on Deductions & credits. March 28, 2025 4:36 AM
- Posted Re: How do I make an election in Section 266 to capitalize the taxes paid to the basis of vacant ... on Deductions & credits. March 28, 2025 4:32 AM
- Posted Re: How do I make an election in Section 266 to capitalize the taxes paid to the basis of vacant ... on Deductions & credits. March 28, 2025 4:30 AM
- Posted Re: Expenses on investment property on Investors & landlords. March 17, 2025 11:45 AM
- Posted Expenses on investment property on Investors & landlords. March 17, 2025 11:17 AM