doitmyself
Junior Member
What is the name of your state? Maryland
I sold my old house and purchased a new one in July, 2004.
My new mortgage company has not paid any real estate taxes for 2004. On my settlement sheet for the purchase of the new house, I see an amount for County Tax on the borrower (my) side of the settlement sheet.
I called my title company and verified that they have paid that amount to the county.
Can I deduct that amount of real property tax paid by the title company on my income tax or should I calculate the prorated amount from the settlement date until end of the year based on the total tax due for the new house for 2004?
Thanks.
I sold my old house and purchased a new one in July, 2004.
My new mortgage company has not paid any real estate taxes for 2004. On my settlement sheet for the purchase of the new house, I see an amount for County Tax on the borrower (my) side of the settlement sheet.
I called my title company and verified that they have paid that amount to the county.
Can I deduct that amount of real property tax paid by the title company on my income tax or should I calculate the prorated amount from the settlement date until end of the year based on the total tax due for the new house for 2004?
Thanks.