Skip to main content
Level 1
June 1, 2019
Solved

We are paying the 2016 taxes on our house this week. Is this deductable on our 2016 taxes or do we have to put this on our 2017 taxes?

  • June 1, 2019
  • 1 reply
  • 9 views
no
Best answer by CherylW

If you are a cash-basis taxpayer (as most of us are), then you would take the deduction in the year you pay the expense.

In your case, you would put it on your 2017 taxes.

1 reply

CherylWAnswer
Level 11
June 1, 2019

If you are a cash-basis taxpayer (as most of us are), then you would take the deduction in the year you pay the expense.

In your case, you would put it on your 2017 taxes.