In my case, I both sold and bought property mid year. Both of my mortgages have a 1098 Box 10 sent to me both my old and new mortgage holders. Turbotax has imported both, and I have a figure that is the sum of both on Schedule A for Property Taxes paid. I lived in each place roughly 50% of 2019.
But in the closing, I have both credits and debits to and from the seller/buyer for property taxes (since we're on both sides of the transactions since we sold and bought.) Do I need to figure out the NET of these closing debits and credits and then OVERRIDE TurboTax's Schedule A value that was simply from the two 1098s?
Or does everything come out in the wash and only need to use the 1098 Sum? TIA.
