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Level 2
posted Mar 8, 2022 9:45:24 AM

Where to enter property taxes for family cabin on form 1065

We have a family multi-member LLC.  It is a vacation cabin.  It is not rented only used as a family cabin (i.e., no income is generated).  This is my first year using Turbo Tax business to complete the 1065 and K-1's. In the past, the property tax payment was entered as a 13 W. I have also read that it can be entered in schedule K line 20(c). However, I do not see an appropriate option in the instructions for line 13 and line 20 (c) is not active so I cannot put the number there. Where can I enter the property taxes paid so they flow to the K-1's as line 13 W or line 20(c)?

0 4 896
4 Replies
Level 15
Mar 8, 2022 10:04:53 AM

Try entering Forms Mode and looking for Line 13d on Schedule K of your 1065.

Level 2
Mar 9, 2022 8:06:38 AM

I looked there, but did not see where property taxes would go in the options given.

Options are- A-Casualty/Theft,  B-Medical Insurance, C- Depreciation, D-Amortization, E-Pension/IRA, F- Reserved(not available),G-  Negative Income ADjustment, H-Excess Business Interest expense,  then I to O are from K-1's received by LLC. 
So, where would property taxes go in this section?

Level 15
Mar 9, 2022 8:12:57 AM

Directly below "O" you should see "Type" with an arrow which will open up a dropdown list. Try that.

Level 2
Mar 11, 2022 6:51:54 AM

This worked. Thanks.