Problem with Real Estate Taxes

Forum|Forum|6 years ago
April 12, 2020
5 replies
47 views

Hoping someone can help.

I entered real estate taxes for my home in the Home Office section (total $8000). In the home office section, it allocates part of that to the home office (e.g. $600 of the $8000). When I then move on to the personal income section and look at property tax deduction, it shows -$600 (negative $600). Where is the rest (e.g the $7400)? It does not show up in the real estate taxes paid in the personal section.

Also, how do I know if these real estate taxes are "excess" or not when I'm entering the home office part as it comes before the personal section.

TurboTax Home & Biz Windows

DaveF1006

Alumni - Intuit

Did you physically put in the $8000 in a) in the personal return? b) and then in the home office?. if you did, then Turbo tax will correctly allocate the expenses in both places. See this Turbo Tax link for additional information.

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

ScottyJAuthor

Level 2

I entered the $8000 in the home office (excess tax) section first (it starts with business stuff first). It allocates 600 to the home office.

When I look in the personal deductions section and click on the real estate taxes, the "commentary" says that I entered 8000, but when I look at the summary of data in the personal deductions it shows -600. When you compare it to last year, last year shows the 7400. So by comparison, it shows 2018 of 7400, 2019 of -600.