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Real Estate Taxes Paid

Forum|Forum|6 years ago
March 12, 2020
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I may have goofed. I paid my 2018 Real Estate tax bill on 01/03/2019, and then I paid my 2019 RE tax bill on 12/14/2019. Should I just claim my 2018 RE taxes on the 2019 Fed return and save the 2019 RE taxes for the 2020 Fed return, or do I now have to file both the 2018 and 2019 RE taxes on the 2019 Fed return? Thanks.

Best answer by KatrinaB48

You need to claim the 2018 and 2019 real estate tax paid on your 2019 tax return. You should always claim a deduction for real estate tax in the year that it is paid. Please view this TurboTax FAQ for more information.

K

KatrinaB48Answer

You need to claim the 2018 and 2019 real estate tax paid on your 2019 tax return. You should always claim a deduction for real estate tax in the year that it is paid. Please view this TurboTax FAQ for more information.

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Chris19815Author

That's what I was expecting. Now I won't be able to claim it next year! Lessoned learned. Thanks for the quick reply.

1

12greenbeen34

I was prevented from claiming my real estate taxes paid for 2018 because I was not allowed any deductions for that year due to a change in the tax system. I read that I could piggyback deductions this year to qualify for the itemized deductions and not lose the benefit, but I don't see any mention of that with my TurboTax for this year. I want to know how to do this and claim the deductions from 2018 and 2019 as well to keep from completely losing out. Can you help me with this?

DoninGA

Employee

@12greenbeen34 wrote:

I was prevented from claiming my real estate taxes paid for 2018 because I was not allowed any deductions for that year due to a change in the tax system. I read that I could piggyback deductions this year to qualify for the itemized deductions and not lose the benefit, but I don't see any mention of that with my TurboTax for this year. I want to know how to do this and claim the deductions from 2018 and 2019 as well to keep from completely losing out. Can you help me with this?

You must have misunderstood something. You can only enter itemized deductions for 2019 that were paid in 2019. Any 2018 deduction can only be entered on a 2018 tax return.

Due to the increase in the Standard Deduction, not many taxpayers will need to itemized their deductions.

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

Standard deductions for 2019