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Business & farm
I purchased the house on 2/28/17 and sold it on 7/7/17. The county tax agent told me the 2 supplement tax assessments were for before 6/30/17 and after 7/1/17-7/7/17. Please advise these 3 questions that I ask before but did not answer.
1. If I should include these 2 supplement taxes on my Schedule A or part of my cost basis.
2. The prorated taxes on both purchase and selling closing statements are in the basis of the cost and selling proceeds to determine the gain but not in Schedule A (it is Yes or No)
3. Where to input the estimated amount of tax withheld for my gain on Form 593E that was deducted from my proceeds in the closing statement when I sold my house. Is it Schedule A again?
1. If I should include these 2 supplement taxes on my Schedule A or part of my cost basis.
2. The prorated taxes on both purchase and selling closing statements are in the basis of the cost and selling proceeds to determine the gain but not in Schedule A (it is Yes or No)
3. Where to input the estimated amount of tax withheld for my gain on Form 593E that was deducted from my proceeds in the closing statement when I sold my house. Is it Schedule A again?
‎June 6, 2019
8:30 AM