topic I sold vacant lot in 2016. I paid property taxes on it for 11 years. Can I use it as a reduction of gain on sale or what? in Deductions & credits

I sold vacant lot in 2016. I paid property taxes on it for 11 years. Can I use it as a reduction of gain on sale or what?

hwesler — Thu, 06 Jun 2019 10:11:24 GMT

I never took a deduction for any of these taxes over the years.

Texas Roger — Thu, 06 Jun 2019 10:11:26 GMT

You can enter the taxes paid in 2016 on your 2016 tax return. You can amend your taxes for 2013, 2014, and 2015 for a refund. That is all you can do.

You won't get a tax break for entering them unless you itemized deductions in the year you paid them.