Sold residential home question about closing statement in regard to claiming property taxes

taxesohmy2017 — Mon, 23 Feb 2026 13:11:47 GMT

We sold our residential home which we lived in for 10 years. I have a question about the closing papers on what I can claim on my Schedule A

We sold our home 9/30/2022

Under the section: Adjustments for item Unpaid by Seller" which was me, listed property taxes.

Property taxes 1/1/2022 thru 9/30/2022 $4177.26

Property taxes 7/1/2021 thru 12/31/2021 $2659.61

Do I qualify to deduct the property taxes on my 2022 tax return?

At the top of the closing paper under the section: Adjustments for items Paid by seller in Advance lists

County Property taxes

County Property taxes but both these lines do not show any dates or dollar amounts listed.

Now on my mortgage statement from our 1098 our property taxes 1st Installment was paid on 3/1/22 for $2,925.47

I live in Illinois and we pay our property taxes twice a year.

I am not sure if I am able to include what is listed under "unpaid by seller".

I looked up what Adjustments for Items Unpaid by Seller is and the description I listed below, I am still not sure.

210-219. Adjustments for Items Unpaid by Seller - Typically, the buyer is responsible
for paying all bills received after closing. It is here that seller reimburses the buyer for
those charges he incurred but did not pay, such as water usage and ground rent. The
buyer is credited for the period from the last payment due date through the date of
settlement.

AND in the section OTHER COSTS section G. Initial Escrow Payments at Closing to Mortgage Company

line 03 Property taxes has $443.25 per month for 9 months which equals $3989.25, this does amount doesn't match either amount listed above under Unpaid by seller

Confused to know which amounts of property taxes I am able to claim on my Schedule A

I would greatly appreciate any feedback on this topic.

Thank you.

Re: Sold residential home question about closing statement in regard to claiming property taxes

DavidD66 — Mon, 06 Feb 2023 21:47:12 GMT

You can deduct $4177.26, that is the amount of unpaid property for the period you still owned the house. That was subtracted from your proceeds from the sale. The escrow amounts that the lender is requiring the buyer to pay in advance to make sure there is enough to pay the property tax when due. It has no impact on you, and you can't deduct any of it.

Re: Sold residential home question about closing statement in regard to claiming property taxes

taxesohmy2017 — Mon, 06 Feb 2023 22:27:32 GMT

thank you very much for your reply.

topic Sold residential home question about closing statement in regard to claiming property taxes in Deductions & credits

Sold residential home question about closing statement in regard to claiming property taxes

Re: Sold residential home question about closing statement in regard to claiming property taxes

Re: Sold residential home question about closing statement in regard to claiming property taxes