Yes, you may be able to deduct your condo's property taxes if you itemize your deductions. If the seller gave you the money at closing for the property taxes, no, you can't include them on your 2019 income tax return. If the seller gave you the money at closing for the property taxes but the amount was less than what you actually paid, you could deduct the difference. For additional information, see Can I claim property (real estate) taxes if I recently bought or sold my home?

Question

SHOULD WE INCLUDE O2019 TAXES A CONDO WE PURCHASED IN OCTOBER?

Forum|Forum|6 years ago
January 29, 2020
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HelenC12

Yes, you may be able to deduct your condo's property taxes if you itemize your deductions.

If the seller gave you the money at closing for the property taxes, no, you can't include them on your 2019 income tax return.
If the seller gave you the money at closing for the property taxes but the amount was less than what you actually paid, you could deduct the difference.
For additional information, see Can I claim property (real estate) taxes if I recently bought or sold my home?

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