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Investors & landlords
You are a cash basis taxpayer and you did not receive the refund till 2018. It will be a refund of a prior year property tax. Use the amount to reduce the property taxes you can declare this year. It may not impact you at all if you only claim a standard deduction.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
‎June 6, 2019
1:43 AM