Get your taxes done using TurboTax

@ErnieS0(or others who care to weigh in in case this old thread is otherwise inactive!), I have a follow-up to your response on this question.

 

Lenders back the taxes on line 16 back out of expenses for a property when qualifying someone for a mortgage (presumably because they assume line 16 on the schedule E only includes property taxes?).  I have about $8K in local occupancy taxes and $2K in property taxes on an all-year, whole-house rental.  Before I enter the total on line 16, I wanted to get a second look.  Should I still be entering the total on line 16, or should it go under miscellaneous expenses?  Thanks in advance to anyone who might respond!