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Updated almost 9 years ago,
Property Tax Decution Question
Hello All,
I purchased two HUD properties in October and November of 2015. We had a local vote on an exemption so it slowed down when our local property tax bills went out. Basically HUD just credited me 10-11 months of property taxes on my HUD-1 Closing document. I received the full property tax bill and paid the full amount for 2015. My question is about my income tax and deductions. I am doing my 2015 taxes right now and was wondering if I can claim all of the amount that I paid since I did pay all of the property tax for 2015 or just the difference that I paid? Thanks,