topic Can I deduct both a Feb 2017 payment for 2017 property taxes, and a Dec 2017 payment (I prepaid) for 2018 property taxes, on my 2017 return? in Deductions & credits

Can I deduct both a Feb 2017 payment for 2017 property taxes, and a Dec 2017 payment (I prepaid) for 2018 property taxes, on my 2017 return?

Pimbley — Thu, 06 Jun 2019 13:24:28 GMT

Yes you can deduct prepaid taxes (2018 taxes paid in 2017...

KarenJ — Thu, 06 Jun 2019 13:24:29 GMT

Yes you can deduct prepaid taxes (2018 taxes paid in 2017) if you have the 2018 tax bill for the property taxes owed.

If you do not have a 2018 tax bill then your prepaid 2018 taxes will not be deductible on your 2017 tax return.

Thx Karen but have to check: IRS says prepaid 2018 taxes...

Pimbley — Thu, 06 Jun 2019 13:24:31 GMT

Thx Karen but have to check: IRS says prepaid 2018 taxes are deductible on 2017 return if the taxes are assessed and paid in 2017 (as mine were) - makes no mention of a bill being required? I'm also checking that both 2017 and 2018 taxes can be deducted on the 2017 return.

Thank you for your comment. You are correct , only needs...

KarenJ — Thu, 06 Jun 2019 13:24:32 GMT

Thank you for your comment. You are correct , only needs to be assessed and paid in 2017.