Task Deed Purchase

I paid back taxes for some property through a tax deed purchase. Can I claim the back taxes that I paid on my return? Thank you.

359

Expert Alumni

Apr 14, 2022 10:51:24 AM

No, this was essentially your purchase price. Maintain your records for a future sale. In your situation the taxes were not imposed on you.

To be deductible, the tax must be imposed on you, and you must have paid it during your tax year.
- IRS Topic 503
- Schedule A Instructions