sota
Level 1
03-18-2020
08:01 PM
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George4Tacks
Level 15
03-18-2020
09:15 PM
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Enter it on the buyers tax return as real estate tax related to the property purchased.
Answers are easy. Questions are hard!
BobKamman
Level 15
03-19-2020
01:52 AM
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Box 6. Shows certain real estate tax on a residence charged to the buyer at settlement. If you have already paid the real estate tax for the period that includes the sale date, subtract the amount in box 6 from the amount already paid to determine your deductible real estate tax. But if you have already deducted the real estate tax in a prior year, generally report this amount as income on the “Other income” line of Schedule 1 (Form 1040 or 1040-SR). For more information, see Pub. 523, Pub. 525, and Pub. 530.
George4Tacks
Level 15
03-19-2020
09:32 AM
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What???? Are we expected to read the instructions???
Answers are easy. Questions are hard!
Answers are easy. Questions are hard!