Question

Paid tax liens for a deceased relative

Forum|Forum|7 years ago
June 4, 2019
1 reply
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I inherited property with tax liens. To sell the home we had to pay off liens. Can I write off the liens I paid?

TurboTax Premier Online

Employee

If the payments were for real estate (property) taxes, they are deductible as an itemized deduction.

If you do not itemize deductions, you can treat the amounts paid as an increase in the basis of the house when it is sold.

A

ando5610Author

I am not sure what the liens were for. As they were for a deceased relative. I just had to pay them off to sell the property. So, there is no way to write that off? It also says that I can not show a loss on the properties because I didn't rent them. How is that the case?