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2 replies

M
mimu17
June 1, 2019
google intuit.com.best site to use
H
Howard1948
Employee
June 1, 2019

If you were the owner of the property during the time this tax was assessed, then you can include these taxes in your itemized deduction for state and local property taxes.  However, if this was a tax assessment for a period before you owned the home, then you cannot deduct it.  You can add it to the tax adjusted cost basis of the home to reduce any gain (or increase any loss) on a future sale of the property.

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