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We purchased a home on 12/20/2016 and prepaid 7 months worth of property taxes. Does any of that amount qualify for a deduction to the 2016 tax year?

 
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We purchased a home on 12/20/2016 and prepaid 7 months worth of property taxes. Does any of that amount qualify for a deduction to the 2016 tax year?

Yes, if you paid the taxes for 2016, you must deduct them for 2016 even if the taxes are for 2017

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We purchased a home on 12/20/2016 and prepaid 7 months worth of property taxes. Does any of that amount qualify for a deduction to the 2016 tax year?

Yes, if you paid the taxes for 2016, you must deduct them for 2016 even if the taxes are for 2017

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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