Posts Tagged ‘2009’
October Tax
October Tax

Question: Can I claim real Estate Taxes and interest if I bought my home in October?
If I purchased a home and closed escrow in October, could I claim the taxes for October – December along with interest paid on my 2007 Income Taxes? What is the cutoff date in order to claim?
Answer: If you mean 2006 taxes then yes.
I purchased my home in December of 2005 and claimed 6 days worth of interest and one point as prepaid interested on my first years note. Any Property Taxes that were paid on your closing statement are also up for a deduction.
Video report: Scaring the “Tax” out of WestmOnster. 31st October 2009