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-   -   Property tax deduction (https://www.askmehelpdesk.com/showthread.php?t=327509)

  • Mar 10, 2009, 02:39 PM
    shannahan
    Property tax deduction
    I sold real property in 2008 that I inherited from my mother. There was a loss on the sale, but I can't claim the loss because there was personal use of the property. However, on the closing statement, I paid $487 in prorated property taxes. Can I deduct the property taxes on Schedule A even though I'm not claiming a loss on the sale? I did not live in the house but I allowed my brother to live in it.
  • May 1, 2009, 12:18 PM
    AtlantaTaxExpert
    Yes, you can claim the taxes on Schedule A.

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