joanmcq Posted March 27, 2017 Report Share Posted March 27, 2017 Client refinanced their home and since it was late in the year, the full amount of real estate tax for the second payment was withheld to be paid at the time of closing. But the lender goofed and didn't pay. Client notified lender and the payment was made today. So...deductible in 2016 or 2017? Per constructive receipt, the funds left the clients hands in 2016. So I'm tending towards 2016. Quote Link to comment Share on other sites More sharing options...
ILLMAS Posted March 27, 2017 Report Share Posted March 27, 2017 2016, the HUD statement will probably show it was paid, that's good enough. 1 Quote Link to comment Share on other sites More sharing options...
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