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1.You can claim any property (real estate) tax you were charged
in your closing costs. Look for a "real estate tax", "property tax" or “county taxes” charges on settlement statement.
2.If you made payments into an escrow account, you can only deduct the amount actually paid by your lender to the taxing authority on your behalf during the year. Be sure to claim the deduction in the year the payment was made.
1.You can claim any property (real estate) tax you were charged
in your closing costs. Look for a "real estate tax", "property tax" or “county taxes” charges on settlement statement.
2.If you made payments into an escrow account, you can only deduct the amount actually paid by your lender to the taxing authority on your behalf during the year. Be sure to claim the deduction in the year the payment was made.
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