02-01-2013 08:55 AM
we bought a house and closed on april 23. our tax bill was paid in may and september for dupage. Can we claim the whole amount or do we have to prorate it for the months we actually owned the house for our illinois tax credit?
06-04-2013 09:35 AM
I am pretty sure you have to pro-rate. Not sure about the exact rules for middle of the month sales etc. You should be able to find it all on the IRS website. But basically if you lived in the house for 9 months you can deduct about 75% of the full year taxes in the year you bought.