State and Local Taxes
Generally, you can deduct the amount of state and local taxes
you pay. There are a few exceptions to this rule and a rather strict
definition of what, exactly, is a "tax" instead of a license, but
the principle generally holds true.
Deductible taxes include:
We've already discussed real estate
taxes, which are deducted on Schedule C for business property,
on Schedule E for rent-producing property, and on Line 6 of Schedule
A for personal residence property
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