Using Turbo Tax Business for an irrevocable trust. Under deductions it says I can deduct state and local property taxes. Is that correct for trusts or just businesses?
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
Using Turbo Tax Business for an irrevocable trust. Under deductions it says I can deduct state and local property taxes. Is that correct for trusts or just businesses?
Using Turbo Tax Business for an irrevocable trust. Under deductions it says I can deduct state and local property taxes. Is that correct for trusts or just businesses?
"Is that correct for trusts or just businesses?"
It is correct for trusts as well but see the link below for limitations.
Using Turbo Tax Business for an irrevocable trust. Under deductions it says I can deduct state and local property taxes. Is that correct for trusts or just businesses?
"Is that correct for trusts or just businesses?"
It is correct for trusts as well but see the link below for limitations.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.