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I do not escrow my property taxes. how do i enter them?

 
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4 Replies
HelenC12
Expert Alumni

I do not escrow my property taxes. how do i enter them?

Homeowners who itemize their tax returns can deduct property taxes they pay on their main residence and any other real estate they own.

  • This includes property taxes you pay starting from the date you purchase the property.
  • The official sale date is typically listed on the settlement statement you get at closing.

Beginning in 2018, the total amount of deductible state and local income taxes, including property taxes, is limited t $10,000 per year.

 

If these are taxes for rental property you own, enter your property taxes in the same place you enter your other rental expenses.

 

If you're a homeowner, your property taxes are entered in the Deductions & Credits section:

  1. Sign in and open your return if you're not already in it.
  2. Inside TurboTax, search for property tax and select the Jump to link at the top of your search results.
  3. Answer Yes to the question Did you pay property or real estate taxes in 2020?
  4. Enter your property/real estate taxes on the next screen.

Important Additional Information

When your property/real estate taxes are included on your 1098, you’ll enter them as part of your Mortgage Interest in the property or real estate tax field. If they aren't listed on your 1098, you’ll enter them separately as property/real estate taxes.

 

Tip: If you own additional properties for personal use (like a cabin or timeshare), make sure to include the property/real estate payments for those as well.

 

Related Information:

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I do not escrow my property taxes. how do i enter them?

The link does not answer the question.  The question is how do you enter real estate taxes that are not shown on a 1098?

I do not escrow my property taxes. how do i enter them?


@jms819 wrote:

The link does not answer the question.  The question is how do you enter real estate taxes that are not shown on a 1098?


To enter, edit or delete Property Taxes -

  • Click on Federal Taxes
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Under Your Home
  • On Property Taxes, click on the start or update button

Or enter property tax in the Search box located in the upper right of the program screen. Click on Jump to property tax

I do not escrow my property taxes. how do i enter them?

Your property tax does not have to be shown on a 1098.   Go to Federal>Deductions and Credits>Your Home>Property Taxes to enter the property tax you paid in 2021.   There is a $10,000 cap on the amount you can deduct for state and local tax including your property tax.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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