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To: sparklite2

WRONG !


19 posted on 10/28/2017 3:12:29 PM PDT by nopardons
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To: nopardons; sparklite2

.
sparklite2 is correct, but what they are up to will also eliminate the property tax deduction for the middle class.

This is a bad deal for anyone who holds realestate in their own name, rather than a corporation.
.


23 posted on 10/28/2017 3:16:49 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: nopardons

I don’t file itemized, so I’ll take your word for it.
But please consider this from the IRS...

Topic Number: 503 - Deductible Taxes

There are four types of deductible nonbusiness taxes:

State, local, and foreign income taxes
State and local general sales taxes
State, local, and foreign real estate taxes, and
State and local personal property taxes

https://www.irs.gov/taxtopics/tc500/tc503


25 posted on 10/28/2017 3:19:31 PM PDT by sparklite2 (I'm less interested in the rights I have than the liberties I can take.)
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