RachelW33
Expert Alumni

Deductions & credits

Yes, if you itemized your deductions in 2022 and will do so in 2023, lumping the amounts together will be the easiest way to handle the situation.

 

Keep in mind, if you did not itemize in 2022, you do not need to worry about the refund of the real estate taxes received at settlement.  In addition, if you itemized in 2022 but do not itemize in 2023, the refund of the real estate taxes will need to be reported as "Other Income" on your return.

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