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Level 1
June 5, 2019
Question

Can I defer deductions and save them for the next year?

  • June 5, 2019
  • 1 reply
  • 10 views
Includes Form 1098, property taxes, child tax credit , business losses, ect

1 reply

Level 7
June 5, 2019

You cannot defer  deductions from one year to the next.

Applicable deductions can only be claimed in the year in which they were incurred.