income taxes help


Are real estate taxes deductible on a summer home?

for the year 2007? Also, are they deductible on the principal residence?

Public Comments

  1. Yes. All real estate taxes are deductible.
  2. Yep, R.E. taxes and mortgage payments on both your first and second home are deductible. You add them together for your Schedule A.
  3. They are deductible assuming that you itemize your deductions. If you have mortgage interest on that home it is also deductible.
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