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Author: NaggingFool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121598  
Subject: Old property tax refund Date: 11/3/2004 6:44 PM
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So our city charged me the wrong amount in property taxes in 2001. (They charged me as if we were absentee landlords). I fixed it (eventually, don't remember when), but was told there was no reversing the old overpayment.

For some reason, the city's policy has changed, because I received a refund check for the difference for fiscal year 2001.

What are the tax consequences of this? Do I refile my 2001 taxes, or credit the amount recieved this year against the amount paid this year? (I assume that I divide it among rental and personal use the same way I did the original payment in 2001?)

Thanks!
- Megan
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