Saturday, March 12, 2011

Kindly Reminder: Property Tax Deduction

if you bought the home or properties in 2010, you may be able to deduct more property taxes than you think. Don’t forget to include any taxes you may have reimbursed the seller for.  These are taxes the seller had already paid before you took ownership. You won't get a 1098 report listing these taxes. Instead, that amount will be shown on the HUD settlement statement.

No comments:

Post a Comment