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Level 2
June 6, 2019
Question

Property Taxes - and Home Office

  • June 6, 2019
  • 3 replies
  • 19 views

I see conflicting answers on this one here so I'm hoping for details on 2017 taxes.

I have property taxes on my house which includes a home office.  If I enter Property Taxes in both places, it seems to double the deduction.

One answer said to enter all of the property tax on the Home Office Section.  The other answer said to enter 0 on the property taxes section in Home Office and enter to total Property Taxes on Schedule A.  

I was told also that I am to enter the home % of expenses in the home deduction section and the remainder of expense % in the Schedule A Property tax area.  This sounds correct to me but see attachment.

Attached is the screen I am seeing on the Home Office Section.  It's telling me to enter the 'whole' amounts of expenses- which I assume TT would divide it by the home use % - but it not appearing that way.

Which is correct?  Thanks VERY much.  I'm truly stumped here

3 replies

Level 2
June 6, 2019
Neither is correct.  You have to apportion the Property Taxes.  The simplest way is by floor area -- e.g., if your house is 2000 square feet and your Home Office is 400 sqft, then your office is 20% of your home.  Enter 20% of the taxes in the Home Office section and the remaining 80% in Schedule A.
Level 2
June 6, 2019
would that include property insurance and other house related items - I'll divide by the office % (9.5% in my case) of home usage and reduce the items on Schedule A by 9.5%?  It is funny that TT does not handle this automatically.  THANKS!!!