janek
Level 1

what can be included on this line

0 Cheers
itonewbie
Level 15

There's not a Line 16b.  There's a column B for a 2nd property though.  Line 16 is for what it says, Taxes.  What else do you want to include on that line?

---------------------------------------------------------------------------------
Still an AllStar
chasetax
Level 7

line 16b is on sch e worksheet but as @itonewbie  says the line is for taxes in addition to real estate taxes-maybe front footage assessments(?) in Harford county Maryland

sjrcpa
Level 15

Front footage assessments are not deductible taxes. They are capitalizable. Generally - they are usually for water and sewer in my part of MD.


Ex-AllStar
itonewbie
Level 15

Agree with @sjrcpa.  Taxes for local benefits as defined under §1.164-4 are not deductible per §1.164-3(b).

---------------------------------------------------------------------------------
Still an AllStar