Are real estate taxes the same as property taxes?
Yes, the term “property taxes” usually refers to real estate taxes paid on your home or property. There is a tax on personal property called “personal property tax,” which isn’t the same. Personal property refers to items that are mobile, rather than real property that’s fixed.
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Have you found yourself wondering how the IRS classifies Bitcoin? Our tax pros discuss relevant IRS Bitcoin law and notices. Learn more with H&R Block.