Omega-6 linoleic acid is the most abundant polyunsaturated fatty acid found in the Western diet. Itâs plentiful in safflower and commonly available partially hydrogenated sunflower oils, two common cooking and food oils in use today.
Seller Basis. If you sell the house and pick up the transfer tax, then you can deduct that amount from the proceeds of the sale. This reduces your taxable gain. You can also use nondeductible commissions, escrow fees, recording fees and attorney fees to reduce the proceeds.
When you own more than one home, the IRS limits some of your deductions. The home mortgage interest deduction, for example, only applies to your first $1 million of acquisition debt on your first two homes. The property tax deduction gets treated differently, though. As long as you can claim a property tax deduction, you can claim it on every home that you own. Claiming the Real Estate Tax Deduction on Your Primary Home To claim the real estate tax deduction on your primary residence, you will need to itemize deductions by filing a long-form 1040 tax return and attaching Schedule A. You report what you paid in property taxes on line 6 of the form, add it up with all of the rest of your deductions and then carry those deductions over to line 40 of your 1040 form. Claiming the Real Estate Tax Deduction on Other Personal Residences