You can only claim the deduction in the year that you actually pay it. You will be able to claim it on your 2007 return even though it is being paid late. If you pay the 2007 tax in 2007, you'll be able to deduct both year's property taxes.
Tax tip: If you want to preserve a deduction for a particular year, see if you can pay it with a credit card or even take out a small loan to pay for it. When you charge something it is considered to be paid when charged even if you don't pay off the charge card until a future tax year.
2007-02-04 08:13:32
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answer #1
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answered by Bostonian In MO 7
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If you want to proceed with filing your own returns, you should download forms and instructions from the IRS website. Tro did well to give some quick answers above, but I'm afraid you have asked a very broad series of questions. Doing ones own tax return is much like home repairs. Its important to know what you can correctly do yourself and what you should hire a pro for.
2016-03-29 04:50:47
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answer #2
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answered by Whitney 4
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If you did not pay them during the tax year, you can not claim them during that year. But, you can claim the during 2007. Now here is the good part. Pay the 2007 property taxes in 2007 and claim them both.
2007-02-04 08:04:43
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answer #3
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answered by Anonymous
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You can't take the taxes as a deduction unless they have been paid. You can deduct them next year if you pay them during 2007.
2007-02-04 08:04:42
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answer #4
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answered by crazydave 7
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whatever you paid in 2006, you can claim. If the check has not been paid yet, that's a 2007 deduction
Don't listen to "hatchland." She's wrong
2007-02-04 08:03:38
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answer #5
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answered by Dizney 5
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I would wait because if they look it up for accuracy and see you haven't paid your property taxes yet then they'll get ya.
2007-02-04 08:03:04
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answer #6
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answered by Anonymous
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Claim the yearly amount of your property taxes on your return regardless of when (or even if) you actually pay them. The IRS doesn't care when, and they won't come back to see if you paid, either.
2007-02-04 08:04:10
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answer #7
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answered by hatchland 3
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You can only claim the deduction for the year in which it was actually paid.
2007-02-04 11:57:35
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answer #8
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answered by Judy 7
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Call 1-800-829-1040 or visit the following website and do a search for the right publication that will give you the right answer:
www.irs.gov
2007-02-04 08:03:37
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answer #9
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answered by Pixie 7
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You have to be nutty of trying to be funny, not no but F#@k no.
2007-02-04 08:08:25
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answer #10
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answered by Anonymous
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