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I bought a house

I don't understand what I paid in property taxes.  On my borrowers statement it says an amount for 2 months which takes me to The beginning of November.  Do I add 2 more months worth onto that amount?
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Accepted Solutions
MargaretL
Expert Alumni

I bought a house

It depends on when the closing was... when you deduct property taxes, you (the buyer) are treated as paying the taxes beginning with the date of sale. So you can deduct the amount of taxes, regardless of who paid it... and if November and December are after the sale, then yes - you do add those 2 months. 

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1 Reply
MargaretL
Expert Alumni

I bought a house

It depends on when the closing was... when you deduct property taxes, you (the buyer) are treated as paying the taxes beginning with the date of sale. So you can deduct the amount of taxes, regardless of who paid it... and if November and December are after the sale, then yes - you do add those 2 months. 

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