DOES ONE OF THE PROPERTY CLASSIFICATION CODES EQUAL RES HMSTD FOR M1PR
MN M1PR CLASSIFICATION
03406
3 Replies
AmyC
Expert Alumni
Apr 5, 2021 12:47:26 PM
Yes, homestead is residential homestead. Otherwise, you would choose commercial.. Form M1PR instructions - Minnesota Department of Revenue shows options of: homestead, non-homestead, commercial and special homestead (blind or disabled).
If you are using TurboTax Online, when you click the down arrow and select 1a from the dropdown list it will be calculated as residential homestead for the Property Tax Refund Credit.