Pro Rated Taxes - Closing Costs Question

Pro Rated Taxes - Closing Costs Question

Rental Property Investor · Commerce Township, MI · Member since 2012 · 99 posts · 21 votes

So I closed on a house today and it reminded me that there has been a question bugging me lately.

Should I calculate pro rated taxes paid at closing as a acquisition cost or part of my yearly expense?

This is a SFR that I paid cash for and will be renting out.

Thanks for your input in advance.

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  • SFR Investor · Dallas, TX · Member since 2011 · 604 posts · 243 votes
    14y

    if you closed on a single family house in february you probable got a credit for january and part of february from the seller, you shouldn't have paid anything if you were paying cash and not setting up an escrow

  • Rental Property Investor · Commerce Township, MI · Member since 2012 · 99 posts · 21 votes
    13y

    bump

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