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acovert1
New Member

I bought a house. The school taxes I paid at sale due to the seller paying in advance ranges from 8/14/15 to 6/30/16. Do i deduct the whole amount or just a fraction?

 
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bwa
Alumni
Alumni

I bought a house. The school taxes I paid at sale due to the seller paying in advance ranges from 8/14/15 to 6/30/16. Do i deduct the whole amount or just a fraction?

If you purchased the house on August 15 you deduct the whole amount.  Taxes are deducted in the year paid.

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