Yes, real estate taxes can be deducted for a rental property. In the FAQ below is a list of common rental property expenses that can be deducted on your return.
To enter the property taxes, once you enter the information for a rental property, you will then be brought to a summary section where you can choose to record the income and the expenses for the property. Here are steps to be brought to the rental entry section:
- In TurboTax, search for rentals and then select the Jump to link in the search result.
- Answer Yes to the question Did you have any rental or royalty income and expenses in 2018 for property you own?
- Follow the on-screen instructions as you proceed through the rental and royalties section.
- TurboTax will ask you to enter general information about your rental (like description, address, and ownership percentage).
- Eventually, you'll come to the Rental Summary screen, which is where you enter your rental income and expenses, assets and depreciation, and vehicle expenses.
