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We own multiple homes and we're wondering if we're able to deduct personal property taxes on all of these homes?
ANSWER
The BIDaWIZ Team's Answer:
If they are personal homes, property taxes may be deductible as per IRC Section 164(a)(1). You may be referring to mortgage interest as a deductible expense that is limited to your primary home and your secondary home.
Please note that personal property taxes are deductible on line 7 of Schedule A of your form 1040.
References: IRS Topic 503 & IRC Section 164(a)(1)
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