topic Property tax in Deductions & credits

Property tax

caroltraver — Mon, 27 Jan 2025 19:01:15 GMT

Hi,

I uploaded my 1098 form to turbotax, and when it asked me to doublecheck that all the info matched, everything did except for the property/real estate taxes. For some reason, turbotax plugged in my escrow amount as opposed to the amount disbursed (eal estate taxes). Should I change the amount to the amount that appears on my statement? (there's a sizeable difference) I've never had a situation where turbotax differed before.

Re: Property tax

xmasbaby0 — Mon, 27 Jan 2025 19:03:52 GMT

Always check the data when you import it. You caught an important error and need to fix it by keying in the correction by hand.

Re: Property tax

DoninGA — Mon, 27 Jan 2025 19:04:06 GMT

Yes, change amount on the TurboTax form to the actual amount of property taxes paid as shown on your Form 1098.