https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-calculate-2019-real-estate-taxes-paid/01/1115536#M41111 <P>Note: The original mortgage is paid off and we pay the Tax Collector directly.</P><P>In 2018 we switched from an Annual bill to Quarterly payments to spread the impact to our budget. Plus we receive a slight discount on the total to be paid for switching to an installment plan. However the Quarterly payments do not line up with the calendar year.&nbsp; Therefore, I won't make the 4th and final payment for Tax Year 2019 until March 2020. So do I take the 4th quarter payment for 2018 made in March 2019 and add it to the three 2019 quarterly payments made in June, Sept, and Dec 2019; respectively, and use that total in the box to enter 2019 Real Estate Taxes Paid? Or do I wait until I make the final payment for the 4th quarter of 2019 in March 2020 and use that total for Real Estate Taxes paid in 2019? For now, I have entered the total tax amount listed on the tax bill but it does reflect the discounted amount, which using 2018 data came to 3.25%.</P> Sat, 08 Feb 2020 22:52:41 GMT jerry-i 2020-02-08T22:52:41Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-calculate-2019-real-estate-taxes-paid/01/1115536#M41111 <P>Note: The original mortgage is paid off and we pay the Tax Collector directly.</P><P>In 2018 we switched from an Annual bill to Quarterly payments to spread the impact to our budget. Plus we receive a slight discount on the total to be paid for switching to an installment plan. However the Quarterly payments do not line up with the calendar year.&nbsp; Therefore, I won't make the 4th and final payment for Tax Year 2019 until March 2020. So do I take the 4th quarter payment for 2018 made in March 2019 and add it to the three 2019 quarterly payments made in June, Sept, and Dec 2019; respectively, and use that total in the box to enter 2019 Real Estate Taxes Paid? Or do I wait until I make the final payment for the 4th quarter of 2019 in March 2020 and use that total for Real Estate Taxes paid in 2019? For now, I have entered the total tax amount listed on the tax bill but it does reflect the discounted amount, which using 2018 data came to 3.25%.</P> Sat, 08 Feb 2020 22:52:41 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-calculate-2019-real-estate-taxes-paid/01/1115536#M41111 jerry-i 2020-02-08T22:52:41Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-how-to-calculate-2019-real-estate-taxes-paid/01/1115959#M41121 <P>You can only claim what was paid in the tax year (Jan-Dec)&nbsp;</P> <P>The payments made in 2020, although for 2019, can only be claimed on your 2020 tax year return which you will do next year.&nbsp;</P> Sat, 08 Feb 2020 23:53:58 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-how-to-calculate-2019-real-estate-taxes-paid/01/1115959#M41121 KrisD15 2020-02-08T23:53:58Z