Real Estate Tax Statement?
Hi everyone, Should I be receiving something like a 1099 from the city stating how much I paid in taxes last year? I’ve tried looking on nyc.gov but the only thing they mentioned was the Quarterly Statement of Account. My tax preparer said that this wasn’t sufficient. Does anyone know if I should be expecting…
Hi everyone,
Should I be receiving something like a 1099 from the city stating how much I paid in taxes last year? I’ve tried looking on nyc.gov but the only thing they mentioned was the Quarterly Statement of Account. My tax preparer said that this wasn’t sufficient.
Does anyone know if I should be expecting something different and, if so, when are these forms normally received?
Thanks to anyone with advice.
Thank you SenatorStreet
If you pay your real estate taxes directly, you need to have copies of cancelled checks (if audited). The city can only tell you what was charged. You need to be able to prove what you paid (what you claimed on your IRS 1040).
Thanks guys. I actually don’t roll my taxes into the mortgage/escrow. Looks like my tax preparer had me waiting for nothing :))
You can look up your property tax payment history (as well as some other items) by going to the link below and entering your block and lot or your address
(third entry down): http://nycserv.nyc.gov/NYCServWeb/NYCSERVMain
Typically your bank sends you a 1098 form around the end of January that gives the mortgage interest paid, and the RE tax paid (by the bank from escrow). The bank would also send you a 1099 for interest paid to you on the escrow.
No, they don’t send anything, you have to keep track of it yourself. If you have a mortgage then the bank usualy pays your taxes and you can find out from them.