topic I refinanced my mortgage in the fall of 2020. Just found out that my new lender just paid my 2020 taxes on March 16th, 2021. Can I claim the taxes in my 2020 return? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-refinanced-my-mortgage-in-the-fall-of-2020-just-found-out-that-my-new-lender-just-paid-my-2020/01/2098959#M197098 Because my new lender did not file my 2020 property taxes in 2020, do I have to wait to claim them in 2021? Or can I file an amended 1098 for 2020? Wed, 17 Mar 2021 16:54:45 GMT Anonymous 2021-03-17T16:54:45Z I refinanced my mortgage in the fall of 2020. Just found out that my new lender just paid my 2020 taxes on March 16th, 2021. Can I claim the taxes in my 2020 return? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-refinanced-my-mortgage-in-the-fall-of-2020-just-found-out-that-my-new-lender-just-paid-my-2020/01/2098959#M197098 Because my new lender did not file my 2020 property taxes in 2020, do I have to wait to claim them in 2021? Or can I file an amended 1098 for 2020? Wed, 17 Mar 2021 16:54:45 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-refinanced-my-mortgage-in-the-fall-of-2020-just-found-out-that-my-new-lender-just-paid-my-2020/01/2098959#M197098 Anonymous 2021-03-17T16:54:45Z Re: I refinanced my mortgage in the fall of 2020. Just found out that my new lender just paid my ... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-refinanced-my-mortgage-in-the-fall-of-2020-just-found-out-that-my-new-lender-just-paid-my/01/2099087#M197114 <P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">No.&nbsp; Tax returns are reported on a cash basis generally.&nbsp; Therefore, your property taxes can only be deducted in the year they are actually paid out.</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If your mortgage lender issues you a correct 1098 for 2020, then yes, you would be able to amend your 2020 income tax return.&nbsp; However, if they were actually paid out in 2021, they would be considered a tax deduction in 2021.</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><A href="https://ttlc.intuit.com/community/property-and-real-estate/help/what-if-my-property-real-estate-taxes-are-paid-through-my-mortgage-lender/00/27156" target="_blank"><SPAN style="color:null">What property taxes can I deduct</SPAN></A></SPAN></SPAN></P> Wed, 17 Mar 2021 17:12:11 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-refinanced-my-mortgage-in-the-fall-of-2020-just-found-out-that-my-new-lender-just-paid-my/01/2099087#M197114 JotikaT2 2021-03-17T17:12:11Z Re: I refinanced my mortgage in the fall of 2020. Just found out that my new lender just paid my ... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-refinanced-my-mortgage-in-the-fall-of-2020-just-found-out-that-my-new-lender-just-paid-my/01/2099147#M197122 <P>Thank you so much for the quick answer! Wow. That really stinks. This was their error, and now I'm literally paying the price.&nbsp;</P> Wed, 17 Mar 2021 17:19:12 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-refinanced-my-mortgage-in-the-fall-of-2020-just-found-out-that-my-new-lender-just-paid-my/01/2099147#M197122 Anonymous 2021-03-17T17:19:12Z