i.r.s. - Real Estate Back Taxes?

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i.r.s. - Real Estate Back Taxes?

In 2006 we paid back taxes for a few years. Can you deduct the total amount for 2006 or do you need to file an ammended tax return for the specific year the tax was owed.

2007-01-20 02:09:38 · 2 answers · asked by stampnf1n 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

you deduct them in the year they were payed.

2007-01-20 02:18:34 · answer #1 · answered by george 2 6 · 1⤊ 0⤋

Property taxes, medical bills, etc; the deduction is taken for the year in which they are actually paid. No amended or anything like that. If you paid back property taxes in 2006 then they are deductible on your 2006 tax return.

2007-01-20 10:59:37 · answer #2 · answered by acmeraven 7 · 1⤊ 0⤋