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Deductions & credits
You would reduce the amount of real estate taxes that you paid in 2017 by the amount he paid to you in the settlement.
The Buyer's part of the real estate tax is the real estate tax that the Buyer paid to you in the home settlement. So each of you will only be reporting the tax on the home for the period of time you each owned it.
‎June 4, 2019
11:20 AM