If I sold my home in Nov of 2018, what do I put when they as about Line 1 from the Statement of Property Taxes Payable in 2019? Property Taxes Paid = $0.00?

[Anonymous · Accepted solution]

the states/counties differ as to the year of assessment and the year of payment and even the date of payment

some will assess and you're supposed to pay 2018 taxes in 2018.  if you have fully paid your 2018 taxes, there should have been a credit on the closing statement for a pro-rata portion for the period you no longer owned the home.  the credit is a reduction of the amount you paid in 2018.  the net would be on schedule A .

if you only partially paid the taxes you would see a charge for the unpaid portion.  that gets added to the amount paid for 2018 

in the above case the question is not applicable so you could enter $0

some assess taxes for year 1 that are payable in year 2.  for example, Illinois assesses 2018 taxes that are payable in 2019

in this case if you fully paid your 2017 taxes in 2018 that would be a deduction and nothing would appear on the closing statement for this

however, you would see a charge on the statement for unpaid 2018 taxes payable in 2019. that's the amount to enter for this question