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kelly-hanlon
New Member

Where do I enter property tax proration reimbursement I received at the closing sale of my home?

 
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MinhT
Expert Alumni

Where do I enter property tax proration reimbursement I received at the closing sale of my home?

The prorated property taxes charged to the buyer when you sold your home must be deducted from the amount of property taxes that you claim in 2017.

If you paid say, $6,000 of property taxes and $2,000 were charged and reimbursed by the buyer, then you claim only $4,000 of property taxes.

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MinhT
Expert Alumni

Where do I enter property tax proration reimbursement I received at the closing sale of my home?

The prorated property taxes charged to the buyer when you sold your home must be deducted from the amount of property taxes that you claim in 2017.

If you paid say, $6,000 of property taxes and $2,000 were charged and reimbursed by the buyer, then you claim only $4,000 of property taxes.

**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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