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azurebamboo
New Member

Bought home with cash, paid back taxes and property taxes for tax year 2015

How do I determine the amount of "property tax I paid last year?"

I ask this because: 

1. After I bought the home, I paid the taxes twice in 2016, but they are for "tax year 2015." Are these "property tax I paid last year(2016)?"
2. When I bought the home in February 2016, I paid for the back taxes for the property for the tax year 2015 and some in 2016 (line 210-212 in HUD). Are these also "property tax I paid last year?"
1 Reply
Marketstar
Level 7

Bought home with cash, paid back taxes and property taxes for tax year 2015

Yes and yes, you can deduct all property tax you paid (even for prior year taxes) on all property you own in the year paid as long as you only use the property for personal use, and also itemize your deductions.

For more details, see:

https://ttlc.intuit.com/questions/1899887-can-i-deduct-real-estate-tax

 

 


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