Can I claim the real estate tax that was paid through my closing costs?
Posted on February 22nd, 2010 in United States | 5 Comments »
JG asked:
I just bought a house in August. And was filing my 2009 taxes and was wondering if I was able to claim my real estate taxes (property taxes, winter and summer) that were paid by me from the closing costs.
http://www.irs.gov/pub/irs-pdf/p530.pdf
According to this I can, but this is for 2008 returns.
5 Responses
Boston Mass Real Estate
no
Thermage Stretch Marks
Ummm Winter and summer means what? What ever you paid personally for the property taxes is a deduction against your tax liability. If its listed on the mortgage paperwork – no! You have to have paid this with a separate personal check.
Real Estate For Sale
Do you mean, can you use the property tax you paid on closing for the 2009 property taxes on the house for the Ontario property tax credit? Yes, if you are filing as an Ontario resident, you can claim the property tax credit for property tax you paid in Ontario.
If you mean, can you claim the land transfer tax or other taxes as a deduction from income, no, those are personal expenses.
Gps Systems
Yes, you can claim them as paid at closing.
Walk In Bathtubs
yes, and also if interest was separate from your mortgage statement