mseniw1
New Member

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.