janek
Level 1
05-21-2020
03:27 PM
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what can be included on this line
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itonewbie
Level 15
05-21-2020
03:59 PM
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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?
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chasetax
Level 7
05-21-2020
04:16 PM
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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
05-21-2020
05:05 PM
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Front footage assessments are not deductible taxes. They are capitalizable. Generally - they are usually for water and sewer in my part of MD.
The more I know the more I don’t know.
itonewbie
Level 15
05-21-2020
05:19 PM
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Agree with @sjrcpa. Taxes for local benefits as defined under §1.164-4 are not deductible per §1.164-3(b).
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