“You’ll need to enter the amount(s) from the statement in the corresponding topic in TurboTax.” Which topic does real estate taxes under K-1, Form1041, Box 11B go under?
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“You’ll need to enter the amount(s) from the statement in the corresponding topic in TurboTax.” Which topic does real estate taxes under K-1, Form1041, Box 11B go under?
What category do real estate taxes from a trust belong in? How about "misc deductions not subject to 2%"?
“You’ll need to enter the amount(s) from the statement in the corresponding topic in TurboTax.” Which topic does real estate taxes under K-1, Form1041, Box 11B go under?
@taxuser29385r651 wrote: What category do real estate taxes from a trust belong in?.....
That category would belong on Schedule A (if you itemize deductions).
@taxuser29385r651 wrote: How about "misc deductions not subject to 2%"?
Those deductions are no longer deductible on Schedule A as a result of tax reform (the TCJA).
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