Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
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

Updated about 7 years ago on . Most recent reply presented by

User Stats

300
Posts
48
Votes
Raj G.
  • Investor
  • Jersey City, NJ
48
Votes |
300
Posts

Property Tax-how to distribute

Raj G.
  • Investor
  • Jersey City, NJ
Posted

Hi, I  bought my home(Bayonne, NJ) around Dec 12 ,2016, tax for 1st quarter 2017 was already paid by previous owner, so I paid that amount in closing of home then for the remaining 3 quarters I paid via Escrow account later as part of mortgage installment. so when I got 1098 for year 2017 from my mortgage company it includes taxes for 3 quarters only, not the 1st quarter.so I how to get 1098 for 1st quarter of 2017

                     also I have paid all taxes for entire year of 2018 in advance directly to city hall in Dec 2017 due to various news/rumors about federal tax changes on property taxes, so how I will get 1098 for year 2018 and when I can claim that, in 2017 or 2018, when I advance paid tax city hall have accessed for 2 quarters only, so paid twice of whatever they accessed for two quarter...Thanks

Loading replies...