turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

needswits
New Member

Illinois home purchase taxes

Bought a home in Illinois in 2016.  Received a tax credit(based on estimated 2015 taxes, which are paid in 2016) from sellers at closing, but the taxes paid were about $1000 less than we actually had to pay, once the bills came out.  Can I deduct the $1000 on my taxes, since I did actually pay them?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
NancyG
New Member

Illinois home purchase taxes

Yes, if you end up paying more tax than you received credit for you are entitled to a deduction for that excess amount.  

View solution in original post

1 Reply
NancyG
New Member

Illinois home purchase taxes

Yes, if you end up paying more tax than you received credit for you are entitled to a deduction for that excess amount.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question