Can i deduct the prorated property taxes of my house sale on the current years tax return?

Eric-P — Sat, 01 Jun 2019 13:18:34 GMT

I just sold my house in July 2017. As part of the closing, I had to include the Jan-July 2017 prorated property tax amount to the buyer's escrow. Can I deduct this amount with my 2017 tax return (since I have already paid it in 2017) along with the full 2016 property tax amount I paid in 2017? Or, does it have to wait for my 2018 tax return? With the new income tax laws, I would prefer to deduct it with the 2017 tax return.

If you paid the property tax in 2017, you can deduct it i...

Zbucklyo — Sat, 01 Jun 2019 13:18:36 GMT

If you paid the property tax in 2017, you can deduct it in 2017.

topic Can i deduct the prorated property taxes of my house sale on the current years tax return? in Deductions & credits

Can i deduct the prorated property taxes of my house sale on the current years tax return?

If you paid the property tax in 2017, you can deduct it i...