rjs
Level 15
Level 15

Get your taxes done using TurboTax

No. You have to deduct property tax on your tax return for each year that you pay it. You cannot deduct it from the proceeds of the sale.


If you have more questions about your sale of investment property, please indicate the nature of the property. Was it just land, a single-family home, a commercial building, etc.? Did you rent it out?