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Deductions & credits
On the settlement statement for the home, the prorated taxes is shown as part of the closing costs. Sale of the home was $590,000, and the taxes from when my father lived in the home from January through September is shown as a debit to the sale price along with Real Estate commission fees, recording costs, Title costs, and costs to fix items in the house. This is why I need to know if they need to be included here, or should they be included as a property tax deduction, or both.
‎February 17, 2024
7:04 AM