turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

AJ5
New Member

Bought house on 11/21/2016. Padi CountyPropertyTaxes 11/21/2016 to 06/30/2017 & CityPropertyTaxes for 3 months. Can I deduct the entire amount? Or only months in 2016?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MinhT
Expert Alumni

Bought house on 11/21/2016. Padi CountyPropertyTaxes 11/21/2016 to 06/30/2017 & CityPropertyTaxes for 3 months. Can I deduct the entire amount? Or only months in 2016?

You can deduct all property taxes actually paid in 2016, even if they cover part of 2017.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MinhT
Expert Alumni

Bought house on 11/21/2016. Padi CountyPropertyTaxes 11/21/2016 to 06/30/2017 & CityPropertyTaxes for 3 months. Can I deduct the entire amount? Or only months in 2016?

You can deduct all property taxes actually paid in 2016, even if they cover part of 2017.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question