Claiming Property Tax

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  • radhas
    Daycare.com Member
    • Feb 2011
    • 59

    Claiming Property Tax

    I moved to the new home for 2011 -2012 property tax I paid first payment in December and 2nd I will be paying April 2012. Can I claim in 2011 tax both payment or only first payment? So confused.
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Property tax

    You can deduct expenses in the year you paid them. So, deduct the Dec property tax in 2011, and the April 2012 tax in 2012.
    http://www.tomcopelandblog.com

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