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Regular Contributor
Kimbear
Posts: 71
Registered: ‎10-17-2011
0

illinois real estate taxes

Hi,

 

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? 

 

Thanks. :smileyhappy:

Gold Regular Contributor
sheriff
Posts: 2,344
Registered: ‎06-01-2012
0

Re: illinois real estate taxes

Your tax bill should already be prorated for the time you own the house so everything you paid should be deductible.

Contributor
PatriceStif
Posts: 21
Registered: ‎05-29-2013
0

Re: illinois real estate taxes

I have no idea about tax pattern in Chicago ,its better to  consult with an expert.

Visitor
Matt979
Posts: 1
Registered: ‎06-04-2013
0

Re: illinois real estate taxes

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.