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Author: heftyhefty Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121598  
Subject: Sold Home, Property Tax Question Date: 2/11/1999 6:03 PM
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We sold our condo in June. At that time, everyone divies up their portion of the tax burden for the year and prorates it out on the settlement sheet (Property taxes in Texas are paid for the last year not the coming year). Can I deduct my portion of those property taxes on my 98 taxes? The new owner would be responsible for the actual payment at the end of the year, but I did pay for half of those taxes we we sold the condo.

To have my cake and eat it too, I plan to fully deduct property taxes of the new home we bought even though the previous owners paid half of the taxes when we bought it. I have those receipts. Dont have receipts for the condo though.
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