Thread: O. T. Hmmmmmm
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On Mon, 18 Oct 2004 20:44:24 -0400, "Jeff Rigby"
wrote:

Anyway, the write-off doesn't happen with vacant land until you sell it. In
the mean time, as an investment it's killing you to pay the $2,200 in taxes
on a 75X90 foot vacant lot every year.


IIRC, on the deductions portion of the 1040, there is a line for
"Property Taxes Paid", or some such wording. Isn't this the *total*
of all property taxes? I'll keep an eye on this thread and post again
in a week or so -- hee hee, I need to do my 2003 return soon! At
least I put in an extension last filing season and made a prepayment,
so the real terrorists (IRS) won't slap me so hard this time;-)

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