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Level 1
May 21, 2020
Question

form 1040, schedule E, line 16b

  • May 21, 2020
  • 4 replies
  • 13 views

what can be included on this line

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4 replies

itonewbie
Level 15
May 21, 2020

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
Level 6
May 21, 2020

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
May 21, 2020

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.