Property Tax Credit at Settlement for Pre-Paid Taxes

Hi -

I recently sold my home in Spring 2018 and received a property tax credit at settlement for pre-paid taxes into 2018. These pre-paid property taxes had been fully deducted on my 2017 tax forms. Since I received money back, do I:

(A) Amend my 2017 taxes, subtracting out the credit amount I received at settlement

(B) Subtract the tax credit amount when I fill out my 2018 taxes

Thanks in advance!

posted

Record as Miscellaneous Income on your 2018 taxes for the reimbursement of a prior year deduction.

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I sold my half share of a owner-occupied duplex last year to other co-owner via quit claim. I am reporting the sale & have questions re: business % use changes, quit claim/settlement, and my sales price vs original basis.

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Property Tax Credit at Settlement for Pre-Paid Taxes