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March 26, 2022
Question

We were building a home while still living in our old home in 2021. We paid taxes for the land of the new home. Can I claim those taxes? Where should I enter the info?

  • March 26, 2022
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1 reply

LeonardS
March 27, 2022

Yes, if you are building a house where you bought the land your property taxes are deductable so long as the home becomes your main home or second home on the day it's ready for occupancy.  You can deduct all the taxes you paid within 24 months before the home was complete.  The taxes will be deducted on Schedule A

 

To enter your taxes as an itemized deduction with the program open select Deductions & Credits to enter the taxes on Schedule A. This link https://What is Schedule A? has information you may find useful.

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