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Home property taxes being double counted??
Hi -
Typically I enter the info from my Form 1098 in the personal deduction section.
This last year I started a business, so going through the 'home office' deduction. It says to enter the Real Estate Taxes (which I did). However, when I go back to the personal deduction section (out of the business section), it shows (see attached) that the $3992 is paid on the principal residence, and again as part of the 1098.
Appears like it's double dipping? I can't imagine it should show both.
It does show a deduction for the home office of $348.
So is this correct? Or should I not enter in the home office deduction (in the business deductions section) and leave it only at the mortgage, interest, and finance section of the individual deduction?
‎June 3, 2019
12:34 PM