I sold a house and bought one, how do I handle the real estate taxes? I paid in both places but there were reimbursements at the closings on both sides.

[brianclayjenning]

I paid town tax in my old house but was reimbursed at closing.  I paid school tax in the new place and reimbursed the seller for a part of the town tax they paid.

[KenH1 · Accepted solution]

You'll need to net this all out in order to claim your real estate tax deduction.

Start with everything that you paid from mortgage escrow and paid to town directly, add in what you reimbursed to the seller, and subtract that the buyer of your old house reimbursed to you.