We sold our house and there is a line for "County property tax" in our Settlement Statement. Is that the amount we should include in our taxes or should we just add the amount we actually sent a check in for?

mlkeaton — Wed, 05 Jun 2019 22:21:56 GMT

You need to either add or deduct the amount on your settl...

DDollar — Wed, 05 Jun 2019 22:21:58 GMT

You need to either add or deduct the amount on your settlement statement for the amount you paid in property tax in 2016. If the amount on the statement increased the amount you received from the purchaser, you would reduce the amount you report as paid for property tax by that amount. If the amount on the statement decreased the amount you received then you would add it to the amount you "sent a check in for", as it would represent an increase in the amount of tax you paid.

topic We sold our house and there is a line for "County property tax" in our Settlement Statement. Is that the amount we should include in our taxes or should we just add the amount we actually sent a check in for? in Deductions & credits

We sold our house and there is a line for "County property tax" in our Settlement Statement. Is that the amount we should include in our taxes or should we just add the amount we actually sent a check in for?

You need to either add or deduct the amount on your settl...