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Jennifer-G
New Member

Should I enter what we actually paid in 2016 for our real estate taxes?

Or should I pro-rate the taxes I paid from 7/1/16 through 12/31/16 (we closed on our house on 7/1/16), regardless of when the payments were made?

In other words, do you enter the tax based on a cash basis or a pro-rated basis? 

Additional Info:

We don't use escrow for our real estate taxes. The tax period for our home is 7/1/16 to 6/30/17. The county divided our annual real estate taxes into 2 installments. We paid the first installment on 12/5/16 and the second installment on 1/30/17.

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Accepted Solutions
DS30
New Member

Should I enter what we actually paid in 2016 for our real estate taxes?

Yes, include what you actually paid in property taxes in 2016 on your 2016 tax return.

View solution in original post

1 Reply
DS30
New Member

Should I enter what we actually paid in 2016 for our real estate taxes?

Yes, include what you actually paid in property taxes in 2016 on your 2016 tax return.

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