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Saturday, 28 March 2020

Tax deductions- taxes paid back to the seller?

Joie Kemmis: If the taxes are the time period BEFORE you bought the house, it increases your basis. If they are for AFTER you bought the house, you can deduct them. They will be on the closing statement.

Eleni Mccier: Deduction when and for what purpose would really make the taxes that you did reimburse the seller for at this time in your life now be deductible at all any where for this purpose.Hope that you find the above enclosed information useful. 11/01/2012

Francis Stickle: noit reduces the amount of sales tax collected from the buyers

Hunter Beech: Yes. They are property taxes you physically paid.

Dalia Causby: Yes, you're paying the property tax for the time you owned the property.

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