If you paid the taxes for the house you sold, then the buyer should have paid you at closing for their share of the taxes you had already paid. The taxes you report for that house is the amount you paid, less the amount you received at closing. If you did not pay the taxes for the year before closing, then you would have paid the buyer for your share at closing, and that would be your deductible amount for that house. For the house you bought, if the taxes had not been paid at closing, then the seller would have paid you for their share of the taxes, and then you would have paid the entire tax bill. Your deductible taxes for the house you bought, under that scenario would be the taxes you paid less what the seller paid you at closing.
After determining the actual amount of property tax you paid, I would enter it as a single amount for your primary residence.
If you collected more for property tax than you paid out, then there must have been an error on one or both closing statements.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
