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Returning Member
posted Mar 3, 2022 6:41:10 PM

Rental Property taxes not showing the full amount entered in the summary

I have farm rental property. I entered the full property tax amount when asked for it. However, at the end when turbo tax showed me the summary, only a portion of the tax amount was counted. I checked to make sure that the full amount was entered and it was. I have profit from renting the property above the tax amount.  Why is turbo tax only counting a portion of my property taxes? 

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1 Replies
Expert Alumni
Mar 3, 2022 8:18:13 PM

If you put in a percentage of the farm as being used for rental property, it would use that percentage to calculate the allowable property tax. You will want to review your entries on the property information.