Dues / Tax Deduction Question

[Vince]

Here is a question that I am not sure was ever brought up regarding our dues and the real estate property taxes portion that is allowed to be deducted.

I just got my statement for my 05 dues, what year gets deducted? Do I deduct the estimated property taxes for 05 on my 04 return or deduct the actual paid for 04 on my 04 return? I hope I am clear.


Thanks & Happy Holidays!
Vince

 

[Doctor P]

The actual paid is what is deductible on your 2004 taxes.