Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

2
Posts
0
Votes
Dean Harrison
  • Investor
  • Dixon, IL
0
Votes |
2
Posts

Tax question regarding Property Taxes

Dean Harrison
  • Investor
  • Dixon, IL
Posted

My partner and I recently closed on a buy and hold rental.  In the closing, we were credited with the 2015 property taxes due later this year as well as the pro rated 2016 taxes.  All that is fine and good.  My question revolves around my federal/state tax return I will file next year.  Can I claim the full 2015 taxes and the pro rated 2016 taxes?   

Most Popular Reply

User Stats

885
Posts
359
Votes
Jeremy Pace
  • Contractor
  • Pittsburgh, PA
359
Votes |
885
Posts
Jeremy Pace
  • Contractor
  • Pittsburgh, PA
Replied

@Dean Harrison you can claim anything you want, but it's probably a safer idea to claim what you paid.

Also, did you buy or sell the rental?  The ambiguity made it a little tougher to answer the question off the cuff.

Loading replies...