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I sold my house. the real estate taxes paid were not on the 1098, however they are showing that i paid them on the closing disclosure. can i list them as a deduction?

 
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3 Replies
DavidD66
Expert Alumni

I sold my house. the real estate taxes paid were not on the 1098, however they are showing that i paid them on the closing disclosure. can i list them as a deduction?

Yes.  You may deduct the property taxes you paid at closing when you sold your house.  Your property taxes do not have to be listed on Form 1098 Mortgage Interest Statement in order to deduct them.  When a house is sold, the property taxes are prorated according to the amount of time buyer and seller each owned the property during the year.  As seller, since the taxes had yet been paid at the time of closing, your portion of the tax was added to the closing statement since the buyer had to the entire amount when the tax bill was due. Had the sale occurred after the taxes were paid, the buyer would have had to pay your at closing for their share of the property tax.

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I sold my house. the real estate taxes paid were not on the 1098, however they are showing that i paid them on the closing disclosure. can i list them as a deduction?

Thanks so much! I appreciate it.

DavidD66
Expert Alumni

I sold my house. the real estate taxes paid were not on the 1098, however they are showing that i paid them on the closing disclosure. can i list them as a deduction?

You're welcome.  Thanks for using TurboTax!

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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