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February 1, 2025
Question

Unsecured property tax bill

  • February 1, 2025
  • 1 reply
  • 0 views

1/3 co-owner of residential property, sold in 2021, amended my tax with a pro tax preparer, paid my share of taxes. In 2024 I received unsecured property tax bill, paid for it. I never included this property in my taxes, my other brother did. IRS have a record in 2021, what should I do to deduct it from turbo tax? Do I create and list the property in the turbo tax and enter the amount of unsecured property tax bill? Just need help. Thank You.

    1 reply

    AmyC
    Employee
    February 5, 2025

    Taxes paid on a rental house after the sale are not deductible. Do not enter it.

     

    If you have a residential rental property, you are filing sch E and it is an expense for the current year.

    If you own a lot of land, it is property tax on real estate and you deduct it on sch A with your main home taxes.

     

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