Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
marad
New Member

I get an annual abatement of real estate taxes, but no form (like a 1098) is supplied. How should this abatement be entered into Turbotax online?

 
1 Best answer

Accepted Solutions
KrisD
Intuit Alumni

I get an annual abatement of real estate taxes, but no form (like a 1098) is supplied. How should this abatement be entered into Turbotax online?

If the "Annual Abatement" is simply a reduction in your property tax, only report what you actually paid in 2016.

You do not need to report the reduction as income as long as you never reported or deducted the larger account.

View solution in original post

1 Reply
KrisD
Intuit Alumni

I get an annual abatement of real estate taxes, but no form (like a 1098) is supplied. How should this abatement be entered into Turbotax online?

If the "Annual Abatement" is simply a reduction in your property tax, only report what you actually paid in 2016.

You do not need to report the reduction as income as long as you never reported or deducted the larger account.

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v