I received a 1098 from my old lender that shows the amount of property taxes I normally pay each year. I was going through deductions and notice that I may be able to deduct other qualifying expenses like property tax paid at closing. My closing documents show that I paid 6 months worth of property taxes at closing and I want to know if I can take this deduction.
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Yes, since you paid the property taxes at closing you can take that deduction.You would add the amount you paid at closing for the property taxes into the program after you add the 1098 that needs to be added.
Yes, since you paid the property taxes at closing you can take that deduction.You would add the amount you paid at closing for the property taxes into the program after you add the 1098 that needs to be added.
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