Dan Posted January 13, 2018 Report Posted January 13, 2018 Question: Are property taxes on vacant city lots deductible on (form 1040 Schedule F) if you store farm machinery on them or use those lots to put your machinery? Quote
Abby Normal Posted January 13, 2018 Report Posted January 13, 2018 Sounds like a valid business use to me. Are the lots used for anything else? Quote
Dan Posted January 14, 2018 Author Report Posted January 14, 2018 Some are vacant and have farm machinery of it. Only used for that purpose. Some are vacant but may have a building on some of the lot and machinery on the other part of the lot. Quote
Abby Normal Posted January 14, 2018 Report Posted January 14, 2018 You may have mixed use on the ones with buildings on them. Depends on what the buildings are used for. 1 Quote
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