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Deductions & credits
Thank you for the response! The timing of what to deduct for what year is clearer to me now. However, the taxes I paid in 2015 were partially funded by the seller (in other words, about $5k of the $8k I paid in taxes were from someone else). Am I only allowed to deduct ~$3k, the portion that actually came out of my pocket? I believe this line implies that I can only deduct approximately $3k: "you can't claim real estate tax for someone else's property, even if you paid it."
‎June 4, 2019
8:10 PM