Andy-J
New Member

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."