Question

Do I count back property taxes that I paid last year or just what was owed last year?

Forum|Forum|4 years ago
February 3, 2022
2 replies
0 views

I paid off several years in back property taxes last year. Can I put that amount on my 2021 Federal tax return or just what was owed for the 2021 property taxes?

TurboTax Deluxe Online

X

xmasbaby0

Employee

What matters is the year you actually paid the property tax so you can enter what you paid. There is a limit of $10K that can be deducted on your Schedule A for state and local taxes.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

A

AmeliesUncle

Were the back property taxes from when YOU owned the property? If so, the answer above is correct.

But if you paid off back property taxes that were imposed upon a previous owner of the property, the answer is very different.

X

xmasbaby0

Employee

@AmeliesUncle oooooh----good catch! Thanks----did not think about that!

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**