https://ttlc.intuit.com/community/tax-credits-deductions/discussion/are-county-real-estate-taxes-considered-expenses-against-the-sale-of-an-inherited-home/01/3132501#M300893 <P>Am I able to claim the county real estate taxes (that are based on the assessed value of the property) as an expense against the capital gains of a home that was inherited?&nbsp; I haven't lived in the home since inheriting it and it was not used for any other purpose.&nbsp; The taxes were assessed and paid in the same tax year as the home was sold and out of the proceeds of the sale.&nbsp; Additionally, I anticipate itemizing and my state and local taxes (SALT) exceed the $10,000 limit (without the taxes paid on the inherited home).</P> Tue, 10 Feb 2026 09:56:54 GMT quickdrawer 2026-02-10T09:56:54Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/are-county-real-estate-taxes-considered-expenses-against-the-sale-of-an-inherited-home/01/3132501#M300893 <P>Am I able to claim the county real estate taxes (that are based on the assessed value of the property) as an expense against the capital gains of a home that was inherited?&nbsp; I haven't lived in the home since inheriting it and it was not used for any other purpose.&nbsp; The taxes were assessed and paid in the same tax year as the home was sold and out of the proceeds of the sale.&nbsp; Additionally, I anticipate itemizing and my state and local taxes (SALT) exceed the $10,000 limit (without the taxes paid on the inherited home).</P> Tue, 10 Feb 2026 09:56:54 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/are-county-real-estate-taxes-considered-expenses-against-the-sale-of-an-inherited-home/01/3132501#M300893 quickdrawer 2026-02-10T09:56:54Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-are-county-real-estate-taxes-considered-expenses-against-the-sale-of-an-inherited-home/01/3132654#M300907 <P>Those taxes may not be added to the basis or treated as a selling expense.&nbsp; at best they're taxes on schedule a or investment expenses that are not even deductible.&nbsp;</P> Wed, 17 Jan 2024 19:41:19 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-are-county-real-estate-taxes-considered-expenses-against-the-sale-of-an-inherited-home/01/3132654#M300907 Mike9241 2024-01-17T19:41:19Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-are-county-real-estate-taxes-considered-expenses-against-the-sale-of-an-inherited-home/01/3132666#M300910 <P>No. Property taxes are not an expense, or part of the cost of the home.&nbsp;</P> <P>&nbsp;</P> <P>Personal property taxes are only deductible as an<A href="https://turbotax.intuit.com/tax-tips/home-ownership/buying-a-second-home-tax-tips-for-homeowners/L5Mzc5URo" target="_blank"> itemized deduction</A>.&nbsp;</P> Wed, 17 Jan 2024 19:46:19 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-are-county-real-estate-taxes-considered-expenses-against-the-sale-of-an-inherited-home/01/3132666#M300910 Vanessa A 2024-01-17T19:46:19Z