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Deductions & credits
No. Tax returns are reported on a cash basis generally. Therefore, your property taxes can only be deducted in the year they are actually paid out.
If your mortgage lender issues you a correct 1098 for 2020, then yes, you would be able to amend your 2020 income tax return. However, if they were actually paid out in 2021, they would be considered a tax deduction in 2021.
What property taxes can I deduct
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March 17, 2021
10:12 AM