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victoryu
New Member

I sold my home in Houston in June 2016. My Form 1098 (Mortgage Interest) shows $0 Real Estate Taxes paid in Box 10. Is this normal?

 
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DS30
New Member

I sold my home in Houston in June 2016. My Form 1098 (Mortgage Interest) shows $0 Real Estate Taxes paid in Box 10. Is this normal?

It depends. This might be the case if your buyer pre-paid the property taxes on the property at closing. You can always check with your mortgage lender and ask if any property taxes were paid out of your escrow account before the sale of your home.

You can check your closing statement and see if your buyer pre-paid property taxes at closing. You can also use this closing statement to determine if you paid any property taxes at closing (or contact your local county tax assessment office). If any property taxes were paid by you at closing, you can include these under deductions and credits (as other property if you have a new main home). (screenshot)

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1 Reply
DS30
New Member

I sold my home in Houston in June 2016. My Form 1098 (Mortgage Interest) shows $0 Real Estate Taxes paid in Box 10. Is this normal?

It depends. This might be the case if your buyer pre-paid the property taxes on the property at closing. You can always check with your mortgage lender and ask if any property taxes were paid out of your escrow account before the sale of your home.

You can check your closing statement and see if your buyer pre-paid property taxes at closing. You can also use this closing statement to determine if you paid any property taxes at closing (or contact your local county tax assessment office). If any property taxes were paid by you at closing, you can include these under deductions and credits (as other property if you have a new main home). (screenshot)

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