Since you received a 1099-S so will the IRS. Therefore you will need to report the sale on your return and indicate the exclusion.
The closing document serves as your receipt for the taxes paid in tax year 2021. Keep a copy of the page with your tax documents.
You will enter the real estate taxes paid amount in the "Deductions & Credits" tab. It is an itemized deduction and part of the state and local taxes line on schedule A, which is capped at $10,000.
- Scroll down to "Your Home"
- "Show More"
- "Start/Revisit" the "Property Taxes" topic
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