I bought a new house last year, what to do with property tax credit?

I bought a new house last year, and get property tax credit from builder in Hud-1 statement line 210 and 211 for Year 2007, what do I do with those?

I mean, I did not pay my county and city 2007 property tax until this Feb. According to my CPA, I can not deduct them for 2007 even though it is 2007 property tax, since I paid them in 2008. For 2007.

My itemized deduction is still less than standard one for 2007, so I am going to go with standard . But how about 2008, do I need to report line 210 and 211 in last year%26#039;s settlement statement. If I don%26#039;t need to, I will sure save some money in 2008 tax return

I bought a new house last year, what to do with property tax credit?

If escrow opened and closed in 2007, then anything noted in the HUD statement can ONLY be taken in 2007. Sorry.

I bought a new house last year, what to do with property tax credit?

Hmmm. Call turbo tax

I bought a new house last year, what to do with property tax credit?

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