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Can you write off property taxes in California on your tax return?
Yes, you can write off property taxes in California on your tax return as long as you itemize your deductions.
My son is on the grant deed of my property. How can he write off taxes and interest on this property I do not file taxes, I'm on soc sec income?
Your son also has to be on the mortgage in order to be able to write off taxesv and interest on this property.
Pay Mom's property taxes write off my tax return?
No.
My son rents apartment in San Pedro. He is on the grant deed of my property. Can he write off my interest and taxes on my property in Fullerton How can he do it?
He can if he is paying them and you have not claimed them already on your taxes.
How can I write off investment losses on my taxes?
You can write off investment losses on your taxes by using them to offset any capital gains you may have. If your losses exceed your gains, you can deduct up to 3,000 of the remaining losses against your other income. Any excess losses can be carried forward to future years.
What are the guidelines for claiming a property tax write off in California?
To claim a property tax write-off in California, you must own the property and pay property taxes on it. You can deduct the amount you paid in property taxes on your federal income tax return, but there are limits on the total amount you can deduct. It's important to keep records of your property tax payments and consult with a tax professional for specific guidance.
Can I write off a junk car donation on my taxes?
You can write off almost any donation on your taxes. Junk car donation is also something that you can write off.
Which is the journal entry to write off an investment?
example suman moters of rs 10000 is write off then what is the entry
How much daycare expenses can you write off on your taxes?
You can write off up to 3,000 per child for daycare expenses on your taxes.
What is the function of a property investment group?
The function of a property investment group is to invest in a property which you believe you can fix up and make a profit off of. This does not include abandoned homes.
Can you write off funeral expenses on your taxes?
No
Can you write off gift cards on your taxes?
No, you cannot write off gift cards on your taxes as they are considered a personal expense and not a deductible business expense.
