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I purchased a home in Mar 2017. I paid the full amt of the property taxes for 2017 in Dec 2017. Do I have to reduce the prop taxes paid by the seller's paid portion?

 
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LinaJ2018
Intuit Alumni

I purchased a home in Mar 2017. I paid the full amt of the property taxes for 2017 in Dec 2017. Do I have to reduce the prop taxes paid by the seller's paid portion?

Yes, you would only allow deducting the prorated amount of the real estate tax due after closing ( March-December) even though your contract didn't require the seller to reimburse you for your share.  

Please read  Who claims what portion of property tax?

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2 Replies
LinaJ2018
Intuit Alumni

I purchased a home in Mar 2017. I paid the full amt of the property taxes for 2017 in Dec 2017. Do I have to reduce the prop taxes paid by the seller's paid portion?

Yes, you would only allow deducting the prorated amount of the real estate tax due after closing ( March-December) even though your contract didn't require the seller to reimburse you for your share.  

Please read  Who claims what portion of property tax?

I purchased a home in Mar 2017. I paid the full amt of the property taxes for 2017 in Dec 2017. Do I have to reduce the prop taxes paid by the seller's paid portion?

Yes amount they paid WAS due at closing and, in my opinion, is fully dwedductible

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