turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Oct 16 is the IRS deadline–file confidently with expert help. File Now
Close icon
Do you have a TurboTax Online account?

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

greenr7
New Member

I chose to pay my 2017 property taxes in installments. Can I claim the amount that I paid this year (2018) since it is going towards 2017's property taxes?

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Talk to a live expert to get the help you need.
1 Best answer

Accepted Solutions

I chose to pay my 2017 property taxes in installments. Can I claim the amount that I paid this year (2018) since it is going towards 2017's property taxes?

No, you cannot.

If you're a cash-basis taxpayer (as most of us are), you can take expenses only in the year that you paid them.  In your case, you'll be able to take those property taxes next year, assuming everything stays the same.

View solution in original post

1 Reply

I chose to pay my 2017 property taxes in installments. Can I claim the amount that I paid this year (2018) since it is going towards 2017's property taxes?

No, you cannot.

If you're a cash-basis taxpayer (as most of us are), you can take expenses only in the year that you paid them.  In your case, you'll be able to take those property taxes next year, assuming everything stays the same.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v