Property Taxes

Is there an order for entering property tax information in TurboTax to receive the maximum deduction? We file a joint return (married filing jointly) with one of us self-employed (1099 income) and the other W2 income. We do write off a home office for the self-employed spouse and itemize expenses (take a portion of the property taxes associated with the home office). The home office is not a separate building.

 

Thanks, Steve

MinhT1
Expert Alumni

Deductions & credits

If you deduct a home office for the self-employed spouse and choose to deduct actual costs, you prorate property taxes between the home office and the rest of the home (according to square footage).

 

You then deduct the home office portion in the home office deduction and deduct the balance in the personal section of your tax return under Deductions and Credits.

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Deductions & credits

Thanks for the info. We just entered, on the home office menu in TurboTax Home and Business (Windows version) the "Entire home real estate taxes" and let the program determine the portion of those taxes that should be applied to the home office business expense. Hopefully that was the correct way to do it!

 

Steve

AnnetteB6
Employee Tax Expert

Deductions & credits

Yes, that's the correct way to do it.  The personal portion of the real estate taxes should be carried to the Schedule A for itemized deductions. 

 

If you go through the property taxes section in Deductions and Credits, there should be information on the screen that will tell you how much has been included automatically in the itemized deductions section of your return.  You should not enter the amount in both places (home office and property tax deduction).

 

@stevek

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