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?
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...
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,...
