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Years ago I bought a couple city lots. I demolished the buildings and have paid taxes and upkeep on the properties. I have never used them or know how to use them as possible deductions. Can I deduct any of their upkeep or taxes?

Forum|Forum|5 years ago
July 11, 2020
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Best answer by Texas Roger

If you itemize deductions on your tax return, the property taxes you pay on the lots can be deducted as a property tax. Nothing else can be deducted on your tax return.

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Texas RogerAnswer

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If you itemize deductions on your tax return, the property taxes you pay on the lots can be deducted as a property tax. Nothing else can be deducted on your tax return.