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Deductions & credits
As you were given a credit for property taxes in 2020, you do not have any property taxes to claim on your 2020 tax return. You should input 0 on your 2020 tax return.
When you pay property taxes in 2021, you should only claim the net amount on your 2021 tax return (amount you paid in 2021 minus the credit given to you at closing).
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March 1, 2021
7:51 AM
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