You'll need to sign in or create an account to connect with an expert.
They are one year behind in collections (billing).
When you pay your 2021 property taxes, they are actually for the 2020 calendar year.
the taxes you paid in 2021 are for 2020. however, the amount you paid must be reduced by the credit you received on the closing statement for the portion of 2020 you did not own the home. the net is also the amount that is deductible for federal purposes
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lvedrene
New Member
kumarshruthi93
New Member
laurarincon2606
New Member
mja712
New Member
lanaiprescott3
New Member