I am in the workings of purchasing a modular home in California, and the space it will sit on it is not owned by me of course. Can this be used as a property tax write off on my next Tax filings?
2007-10-15 04:19:32 · 2 answers · asked by vicpal25 2 in Business & Finance ➔ Taxes ➔ United States
Any ad valorem property taxes (as well as mortgage interest) on a primary or second home are deductible. A home does not have to be attached to the land to quailify. In fact, it doesn't even need to be a home in the traditional sense. An RV or boat can qualify if it has cooking, sleeping, and sanitary facilities.
2007-10-15 05:52:05 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
If this is a new modular, you will get a property tax bill from the county. It is a routine itemized deduction.
2007-10-15 06:29:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋