real estate sale - primary home

[JimGaines401]

I don't have a closing disclosure and live in Indiana.  I do have a settlement statement from the title company.

I sold my home in 2021.

1. Up at the top of the title statement, it has a proration of $1,710.19 debited to the seller and states County Taxes 1/1/2022 to 5/13/2022 @ $4,728.94.

2. At the bottom, it says $2,369.47 P.O.C. 2021/2022 Spring Property Taxes to County Treasurer (POC $2,369.47 by [my name])

3. Right after that, it debits me $2,364.47 --- 2021/2022 Fall Property Taxes to County Treasurer.

Of these three amounts, what amounts are deductible by me the seller and why?  This is driving me crazy!

[DMarkM1]

Since you sold the home in 2021 the tax deduction would be claimed on your 2021 tax return.  Your itemized deduction entry would be for your prorated portion of the taxes up to but not including the date of sale regardless of who actually paid the taxes. 

It looks like the annual taxes were 4728.94.  Divide that by 365 and multiply by the number of days you owned property.  Here is IRS Publication 530 for reference.   Scroll down to "State and Local Real Estate Taxes" and see the "Taxes paid at closing" paragraph.  

To help you understand what your settlement document is saying...

Any amount in the seller debit column is what the seller paid.  The initials POC indicate paid outside of closing so not included in the closing calculations.  So it appears you actually paid in 2021, 4728.94 and 1710.19 of that amount was for 1 Jan to 13 May 2022.  Further, the amount paid was divided into two payments Fall and Spring of  2364.47 each.

[JimGaines401]

I'm sorry, the home was actually sold in May 2022.