turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do you enter property taxes paid by the single-owner LLC?

I am trustee for my trust, which owns a single member LLC.  The LLC owns the rental property.  The LLC pays for everything including the property taxes.  TurboTax doesn't ask about property taxes as an expense during the business expenses questioning phase.  How do I enter the property taxes into Turbo Tax properly?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
PatriciaV
Expert Alumni

How do you enter property taxes paid by the single-owner LLC?

Property taxes for a Rental Property are entered under Expenses from the Rental Summary page of the rental property. The line is labelled "Real Estate Taxes" under Common Expenses.

 

These instructions assume you are reporting the rental activity for a Single-Member LLC on Schedule E of your personal 1040 return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How do you enter property taxes paid by the single-owner LLC?


@Justa-Tax-Noob wrote:

during the business expenses questioning phase.  


 

Are "services" provided to the tenants of the rental (such as maid service or meals)?  If not, you don't enter it as a "business", you enter it in the "rental" section.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies