PrepishlyPunk

What was the Tylenol for then?

I bought and sold a house in 2012. How does my deduction for real estate taxes work? The seller refunded me for time he lived at the house in 2012 but I won't actually pay for 2012 taxes until 2013. Do I have to report the money he gave me in 2012 as income? And I paid for 2011 taxes in 2012 on the home I sold and also paid the buyer for time I lived at home during 2012. I guess I get to deduct both of those? Thanks.

Okay thanks but can you explain why I would have paid for 2012 taxes for my new house when they are not due until 2013? I actually do see some 2012 taxes i paid on there but I was told they are special Improvement tax for water/sewer that are paid in current year and those aren't deductible anyway.