- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Yes, you can. It will go on Schedule A, if you itemize.
Remember, the deduction of taxes on Schedule A is limited to $10,000. So if you are itemizing, but have other taxes (state income tax, as an example), it might be a "waste" of a deduction. In that case, it may be better to elect to add the taxes to the cost/basis of the property.
I suggest you preview your Schedule A and see what the total amount of taxes on line 7 you are currently showing.
Where do I enter my real estate taxes in TTO?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 28, 2023
9:51 AM