What percentage of real estate taxes should be deducted on Schedule A?
by admin ~ March 6th, 2010 . Filed under: Other - Taxes .
John U asked:
“A vacation home is rented out for 10 days during the year and used personally by the owner for 20 days during the year. What percentage of real estate taxes should be
“A vacation home is rented out for 10 days during the year and used personally by the owner for 20 days during the year. What percentage of real estate taxes should be
deducted on Schedule A?”
Wouldn’t it just be 100%?
Forest Adelizzi
March 8th, 2010 at 2:44 pm
For less 100 of the year whichever is less 100 of the real estate taxes go on schedule.