my PROPERTY Taxes (Form 1098) were Paid by the BANK because my home Foreclosed. Can I still deduct the amount?
I have the form 1098, and my property taxes were not paid for two years UNTIL the Foreclosure was complete. These Property taxes totaled $11,467… and even though the bank paid them, I was wondering if I can or should not claim them in the Tax Return? I also have a 1099-C.. deducting the $11,467 would really help.
you can never deduct something you didn’t actually pay. If the bank paid the taxes, then you didn’t pay them, so you can’t deduct them.
tax-foreclosed-properties
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