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Deductions & credits
No, you can only claim the deduction for taxes paid in the current year. This is not an expense to add to the cost basis.
To calculate the cost basis of the second home, you can add improvements you made in the prior years, but not the taxes. Even if they were not claimed, they would be maintenance.
For more information on qualifying home improvements, follow this link: Home Improvements and Your Taxes
‎June 6, 2019
2:12 AM