Doing 2015 taxes and I bought a house in 2014 (in Illinois). Taxes paid in 2015 are for the 2014 tax year. The seller credited me for taxes due to them up through the close date (August 2014). Even though I paid taxes for the seller in 2014, I did not claim a property tax deduction on my 2014 taxes (is this right???).
However, for the 2015 tax filing, I'm pro-rating the annual taxes paid (approx $8,000) to account for the time that I lived in my house (from Aug to Dec 2014). Is that the right way to calculate my property tax deduction for 2015?
