Damin
Level 1
12-07-2019
09:08 AM
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Client sold a vacation home, entered the sale on the Schedule D can the back taxes paid at the sale be deducted from the gain. As an expense of Sale on the D or do they go on the Sched A?
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IRonMaN
Level 15
Damin
Level 1
12-07-2019
09:09 AM
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Thanks for your time but I need something more definite.
IRonMaN
Level 15
12-07-2019
09:09 AM
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If you need something more definitive, it sounds like it's time to roll up your sleeves and do some research.
Slava Ukraini!
Slava Ukraini!
George4Tacks
Level 15
12-07-2019
09:09 AM
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Is TurboTax a definitive source? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-we-deduct-past-property-taxe...
P.S. DO NOT TRY TO WRITE OFF ANY PENALTIES.
Answers are easy. Questions are hard!
