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form 1040, schedule E, line 16b

janek
Level 1

what can be included on this line

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4 Comments 4
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?

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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.

The more I know, the more I don't know.
itonewbie
Level 15

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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