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    shannahan's Avatar
    shannahan Posts: 10, Reputation: 1
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    #1

    Mar 10, 2009, 02:39 PM
    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.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    May 1, 2009, 12:18 PM
    Yes, you can claim the taxes on Schedule A.
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