My taxes for the previous year are paid the first of January the next year via an escrow account. Am I correct in that the 1/1/2018 payment can be a 2017 deduction?
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Property taxes for 2017 have to be actually paid in 2017.
If they were paid on 1/1/2018, they do not count as a deduction on 2017.
i would double check your escrow account to see the actual date, as 1/1/2018 usually there is no activity due to Holiday, so see if they might have been paid the prior day.
Property taxes for 2017 have to be actually paid in 2017.
If they were paid on 1/1/2018, they do not count as a deduction on 2017.
i would double check your escrow account to see the actual date, as 1/1/2018 usually there is no activity due to Holiday, so see if they might have been paid the prior day.
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