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Deductions & credits
I forgot to mention, IRS Publication 523 states "If you received Form 1099-S, start with the amount of real estate tax you actually paid in the year of sale. Subtract the buyer's share of real estate tax as shown in box 5 of 1099-S. The result is the amount you can deduct as an itemized deduction." TurboTax allows you to add this additional real estate tax you paid.
‎June 5, 2019
10:28 PM