JamesG1
Employee Tax Expert

Get your taxes done using TurboTax

Real estate or property taxes reported as paid on the 1099-S  may be deducted on Schedule A Itemized Deductions.  

 

Report on Schedule A (Form 1040), Itemized Deductions, any itemized real estate deduction.

 

Follow the Instructions for Schedule A when completing the form.

 

Make sure that you are not double-counting property taxes paid should you find property tax payment on another record.

 

 

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