Property taxes paid at closing?

Question

Hello all-
Ok I bought a home in 2006 as a forecloser and at closing I paid back taxes for the year 2005 of $6872.00 in 2006...
I also paid my current 2006 taxes of $5000 so since I paid them all in 2006 can I write off the total??
Thanks for helping out!

Answer 1

Yes, taxes are only deductible in the year actually paid.

Good work.

Answer 2

yes taxes paid in 2006 are deductible weather they are 2005 or 2006 its when you pay them