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June 4, 2019
Question

I prepaid my 2018 property tax on my rental property at the end of 2017, do I just add that to the amount paid for my 2017 property taxes?

  • June 4, 2019
  • 1 reply
  • 10 views
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1 reply

June 4, 2019

It depends. The IRS will only allow the deduction of prepaid 2018 property taxes if you paid the taxes before December 31, 2017 and your 2018 property taxes were already assessed before December 31, 2017.

If you do meet those requirements, Yes, you would enter the total amount you paid in 2017.