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Payment of Property Tax Lien impact on Tax Returns
If someone had a -$100K NJ property tax lien that was due and paid off in 2020, how would this impact the payers Federal and State tax return?
If the payer also sold a property with a capital gain of $220K, and had income of about $35-40K, could this property tax lien payment be offset against the income?
Thank You
‎April 19, 2021
12:19 PM