Hey all,
I was wondering how property tax deductions should be claimed for second installments when they spill over into the forward year tax filing. For example, and in my case, I'm filing for 2016 taxes and just paid the second installment of property taxes for 2016 today (they are due in April 2017).
Am I supposed to defer and deduct this second installment payment in next year's (2017) tax return? So basically, the only thing I would deduct for 2016 is the the second installment for 2015-2016 and the first installment for 2016-2017 ?