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

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

I bought a home and sold a home so I paid property tax on the one I purchased. Does that count?

I bought the house in January of 2021 and received a bill for property taxes for 2021, which I paid
.
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.

2 Replies
rjs
Level 15
Level 15

I bought a home and sold a home so I paid property tax on the one I purchased. Does that count?

Yes, on your 2021 tax return you can deduct property tax you paid in 2021, on any home that you owned in the United States.

 

I bought a home and sold a home so I paid property tax on the one I purchased. Does that count?

yes. but 1) money deposited into a real estate tax escrow account is not deductible. only in the year the money is taken out to actually pay the tax bill is a deduction allowed.  if you just bought the home there may be a real estate tax proration that could affect your deduction. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies