If paid my property taxes for 2016 in Jan 2017. Am I allowed to deduct that on my 2017 returns ? or is it only in the year which it is for ?

I paid my property taxes for 2016 in Jan 2017. Am I allowed to deduct that on my 2017 returns ?

Also if I paid the 2017 taxes before December 31, 2017, then can I include both payments ?

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1 Best answer

Level 13

Jun 6, 2019 11:17:35 AM

You should deduct the property taxes in the year in which you actually paid them.

If you had two payments in a given tax year, then add them together and report the total in that tax year.

[Edited 3/10/2020 4:15 pm CDT - made year neutral]

Level 13

Jun 6, 2019 11:17:35 AM

You should deduct the property taxes in the year in which you actually paid them.

If you had two payments in a given tax year, then add them together and report the total in that tax year.

[Edited 3/10/2020 4:15 pm CDT - made year neutral]