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Returning Member
posted Apr 1, 2020 4:32:58 PM

Can I deduct my property and school taxes for 2019 if my parents paid for them last year? I was unemployed at the time.

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3 Replies
Expert Alumni
Apr 1, 2020 4:48:26 PM

If it is considered a gift from your parents, you may still deduct your real estate taxes as long as you had a legal obligation to pay, such as being on the title to the property. These taxes are part of itemized deductions. You would only itemize if your total deductions exceed the standard deduction for your filing status. State and local taxes, including real estate taxes, are capped at $10,000 per year ($5,000 for married filing separately).

Returning Member
Apr 1, 2020 4:59:33 PM

Thank you!. Yes, I do own the home. Thank you for also mentioning the cap too, because the school and property taxes don't exceed 10,000.

Level 2
Apr 1, 2020 5:25:33 PM

It may be advantageous to take the lower itemized for federal because states typically follow federal for deductions. And you May pay less overall taxes when looking at both state and federal together.  TurboTax does not take this fact into account. Make sure you test your overall tax electing itemized and standard Deduction on the info wkst