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Get your taxes done using TurboTax
Q. Are Income Taxes paid to another State deductible as an expense from Farm Land Cash Rent?
A. No. Do not enter that on Schedule E, as a rental expense (don't enter it in the rental income and expenses section of TurboTax).
State income taxes paid are deductible as an itemized deduction, on Schedule A, if you itemize deductions.
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Estimates & other taxes paid
-Other Income taxes
On the next screen, scroll down to:
-Other income taxes paid in 2022
On the next screen:
-balance due on your 2021 return paid in 2022
-
‎December 5, 2023
8:14 AM