- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
Assuming you are taking Itemized Deductions, yes, you can take the deduction on Form 1040 Schedule A for the amount paid during the year since you are a cash basis taxpayer.
The IRS limits your state and local tax deduction to $10,000. Therefore, you should review your deductions to see if the total deductions claimed on your return for sales tax, personal property tax, real estate, and state and local tax, are less than $10K.
Here is a helpful link on Itemizing Deductions:
[Edited 3/20/2023 | 05:40AM PST] @CHUCKles4me
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 13, 2023
8:03 AM