where to put refund of county property taxes

[ricweietc]

I inherited a rental property , and the assessor raised my valuation a lot. I paid and argued with them and after a year they agreed and sent me refunds of about 9K. This property tax was paid in 2022 and the refunds were issued in 2023. How do I show this refund on my current return?

[DavidD66]

If you deducted the property taxes on Schedule E in 2022, you would reduce 2023 property tax on Schedule E.  For example, if your 2022 property tax was $19,000, and your 2023 property tax was $10,000, you would reduce that property tax expense on Schedule E to $1,000 for 2023.  If the refund was more than the tax in 2023 show it as a Negative.  You could also report it as rental income.