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Reload this Page Deduct real estate and car property taxes in NC? (deductible, property tax)
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Unread 04-04-2011, 12:00 PM
GPC GPC started this thread
 
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Default Deduct real estate and car property taxes in NC?
I moved here last year from NY. I'm just getting ready to send my paperwork to my accountant to do my 2010 taxes. I was able to deduct my real estate taxes in NY (I think my accountant listed them under itemized deductions; I'm not sure where exactly as I don't have my old returns in front of me - but they were 'deducted' somewhere). Can I do that in NC as well? Also, the property tax on cars is new to me. That wasn't something I had to pay in NY so I have no idea if I should send those receipts to my accountant as well. Please advise. Thanks!
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Unread 04-04-2011, 12:02 PM
 
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Yes, both real estate and property taxes you paid are deductible.
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Unread 04-04-2011, 12:04 PM
 
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Yes. Both can be deducted from your Federal return.

Frank
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Unread 04-04-2011, 12:12 PM
GPC GPC started this thread
 
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Thanks for your quick responses. I was really puzzled as I just asked a few people I work with (who have lived here for years) and they both said no. Maybe they somehow misunderstood my question but I don't know how... Anyway, thanks again.
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Unread 04-04-2011, 01:59 PM
 
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Yes you can deduct both from your tax return as long as you are itemizing your taxes.
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Unread 04-05-2011, 03:16 AM
 
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Everything is deductable until you get audited LOL. As long as you itemize the taxes are deductable
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