Prepaid property tax in refinance

tfitzhugh · ‎April 25, 2021

I refinanced my condo in 2020. I had 6 months prepaid property taxes rolled into my closing costs, which were rolled into my loan principal, so I did not have to pay any cash to close. Can I deduct these property taxes? They did not show up on my 1098 for the new loan. Thanks!

CatinaT1 · ‎April 26, 2021

Are they listed on your closing statement as prepaid property tax? If so, yes, you can deduct those.

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tfitzhughil · ‎April 26, 2021

Yes, they are, Thanks!

Prepaid property tax in refinance

Deductions & credits

Deductions & credits