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What would be the difference? Or are you splitting rent with someone else?
Total rent for the year. Remember, you're filing a yearly return.... not a monthly return.
Typically, if the program is asking for a monthly amount for anything, then that will be clearly stated somewhere in the small print on that same screen.
No, I think I got the answer. It was for the Property Tax Information. I believe I just put what I paid for the entire year.
Yes, I believe that's what it is asking me. The total amount I paid for the year.
It was for the Property Tax Information.
I figured (incorrectly) that you were setting up a rental property on SCH E for the first time.
My state doesn't tax personal income. So I'm not privy to the credits/deductions offered by those states that do. I do know that some states offer a "renters credit" for property taxes paid by the property owner, so the renter can claim on the state return a portion of their rent as a property tax deduction. So it would make sense you'd be asked for rent paid for the year, and property tax values as well maybe.
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