- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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!
‎February 3, 2022
6:46 PM