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Can i deduct the prorated property taxes of my house sale on the current years tax return?
I just sold my house in July 2017. As part of the closing, I had to include the Jan-July 2017 prorated property tax amount to the buyer's escrow. Can I deduct this amount with my 2017 tax return (since I have already paid it in 2017) along with the full 2016 property tax amount I paid in 2017? Or, does it have to wait for my 2018 tax return? With the new income tax laws, I would prefer to deduct it with the 2017 tax return.
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‎June 1, 2019
6:18 AM