topic I double paid 2018 property taxes, and my escrow received tax refund in 2019, causing -$70 on 1098 Form. How should I report property tax? in Deductions & credits

I double paid 2018 property taxes, and my escrow received tax refund in 2019, causing -$70 on 1098 Form. How should I report property tax?

tempegu0927 — Thu, 09 Jul 2020 20:42:46 GMT

Re: I double paid 2018 property taxes, and my escrow received tax refund in 2019, causing -$70 on 1098 Form. How should I report property tax?

Opus 17 — Thu, 09 Jul 2020 20:58:18 GMT

If you itemized your deductions in 2018, and claimed the full amount of both tax payments, then the $70 refund is taxable income, called a "taxable recovery" in other words, a reimbursement of a previous deduction. That's reported in the Other Uncommon Income section. And of course, you can't deduct any taxes for 2019 since you didn't pay any taxes in 2019.

Re: I double paid 2018 property taxes, and my escrow received tax refund in 2019, causing -$70 on 1098 Form. How should I report property tax?

tempegu0927 — Thu, 09 Jul 2020 21:38:50 GMT

Thanks! I did not deduct my double payments as itemized deduction for 2018. As a result, can I still deduct the taxes I paid for 2019 even though it looks different from my 1098 form (which shows -$70)?