- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How are real estate taxes settled at closing handled (not an escrow question)?
I moved in April 2016 (sold/purchased). Both myself and the seller I purchased from paid 2nd quarter taxes on each home prior to the move, which were both settled at closing. My Mortgage Interest Statement from my old home over-reports how much I actually paid, because it does not consider what was settled up at closing. My Morthgage Interest Statement from my new home under-reports how much I actually paid, because of what was settled up at closing. The net difference should be about an additional $1000 deduction for myself. How should this be handled?
Topics:
‎June 4, 2019
10:59 PM