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Level 1
June 6, 2019
Question

Can I deduct real estate taxes paid at closing

  • June 6, 2019
  • 1 reply
  • 8 views
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1 reply

DawnC0
Level 12
June 6, 2019

Yes. On each year's tax return, you deduct the amount of property tax you actually paid in that year, including what you paid at closing.  

Level 2
June 6, 2019
Paid to whom? If the closing document said under "Proration/Adjustment" I paid $1770 for "2nd half 2017 Country Taxes paid by seller 9/11-1/1" and under "Impounds" it says I paid another $1450 for "Property Taxes to Wells Fargo NA 3.000 months at $484.88/month". Can I add both of those and input them into property taxes paid because I paid them, or do I not because I didn't pay them directly to the county?
Wells Fargo 1098 says real estate taxes $0.00 by the way.