MindyB
Expert Alumni

Deductions & credits

Yes, you may deduct the property taxes you paid at closing.  Since you are a cash basis taxpayer, the taxes may be deducted when paid.

 

Here is how to navigate to the entry for these taxes paid not included on Form 1098 (mortgage interest form):

 

  • Navigate to Federal > Deductions & Credits
  • Choose Add/Edit Property (Real Estate) Taxes
  • Enter or edit the property taxes paid