joshuabarksatlc s
Level 10
10-14-2021
02:38 PM
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Last time I checked, Sec 266 allows capitalization of property tax only for unimproved and unproductive real property. Don't think it applies to a home.
Check Regs for Sec 266 for sure. the above is based on my brain-half-fried recollection
But then, homes in the Hamptons may enjoy special perks.
I come here for kudos and IRonMaN's jokes.