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Real estate taxes under business income section
Help - I have a small home business and at the section where Turbo Tax wants me to enter real estate taxes, but there appears to be a contradiction of statement of whether I should or shouldn't enter my property taxes here or later. like - If you paid real estate taxes but are not itemizing deductions, do not enter you real estate taxes here. Enter them as excess real estate taxes later. . . but then under that it also says - If I paid real estate (property) taxes on the entire home, enter this amount here and later go to the deductions & Credits area and review the property tax information??????????
March 9, 2020
8:04 AM