sih58
New Member

Can we deduct past property taxes as part of cost basis on the sale of second home? Never previously deducted property taxes on it.

We purchased the property in 1991 and just sold it in 2017.  We have always filed using the standard section, so never previously deducted these property taxes.  Just need to know if we can use it the past property taxes to increase the cost basis and reduce our capital gains,