406848
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

Can I get a deduction for paying a federal tax lien off on the property i owned and sold but the tax lien was the previous owners?

 
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
Khai
New Member

Can I get a deduction for paying a federal tax lien off on the property i owned and sold but the tax lien was the previous owners?

No. It is not considered tax deductible, but will increase your cost basis which will benefit you when you sold the house.

View solution in original post

1 Reply
Khai
New Member

Can I get a deduction for paying a federal tax lien off on the property i owned and sold but the tax lien was the previous owners?

No. It is not considered tax deductible, but will increase your cost basis which will benefit you when you sold the house.

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