@hcjontax wrote:
I was not buying or investing in a tax lien. A tax lien was due on the property which had not been paid for 2 years. I made the payment so that the property would not foreclose.
You can't deduct property taxes--either as a personal expense or a business expense--unless you are the legal owner of the property who is legally obligated to pay the taxes.
If you are the legal owner, then you deduct the property taxes in the year you pay them, regardless of when the taxes were imposed or accrued.
