This question involes both of my adult kids.
My daughter sold a house and my son bought a condo.
The 2018 property taxes were prorated in each deal
- How do you handle property tax deduction on your 2018 taxes
- Does it matter if the property taxes were paid in 2018 or 2019?
My initial thought is you can deduct the portion of the 2018 property taxes you credited with the sale of your house.
Now, what if the new owner pays the 2018 property taxes in January of 2019?
My son plans on doubling up on property taxes, paying 2018 in January of 2019 and 2019’s in December of 2019.
Does this effect the previous owners and when they can take a deduction for thier prorated portion?
My daughter sold her house. Does she have to check if the property taxes were paid in 2018 or 2019 before deducting her share?
on a side note, are condo fees deductable?