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Get your taxes done using TurboTax
Yes, property tax paid is not a selling expense. It can be claimed as a deduction on Schedule A Itemized Deductions, but it cannot be included as a selling expense.
If it was deducted from your proceeds from the sale of your house, then it was the prorated amount of property tax that you owed for the property for the period of time in the year that you owned it. You can enter it as a deduction just like you would have deducted it for any other year that you owned the property.
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March 31, 2023
5:52 AM