- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Can you please clarify the following example:
Every 6 months I paid $2,500 for property tax. I bought my house in April/2017.
I had to pay 2 months of property tax in my Closing related to the property tax that had been paid by the seller. This amount is not in my form 1098 (this form has only $2500 related to the second half property tax).
Two Questions: 1) Can I use these 2 months that are not in the form 1098 as a tax deduction?
2) How do I enter this value in my return?
Thanks.
Every 6 months I paid $2,500 for property tax. I bought my house in April/2017.
I had to pay 2 months of property tax in my Closing related to the property tax that had been paid by the seller. This amount is not in my form 1098 (this form has only $2500 related to the second half property tax).
Two Questions: 1) Can I use these 2 months that are not in the form 1098 as a tax deduction?
2) How do I enter this value in my return?
Thanks.
‎June 6, 2019
8:39 AM