I rent out half my property which is open land our primary residence is on the other half. When added the Property Tax as an expense do I only add half the property tax?

[sroalf]

In TurboTax, in the expense section it says to add up all taxes. It is not clear if I only add the % of property tax related to the rented area or do I add the full Property Tax paid?

[npierson7]

Yes, that's correct. You should add a half of the property taxes as an expense if you only rent out half of your property.

[sroalf]

Thank you. If I only rented it for 3 months of 2020 do I also factor that into the % of property tax. I.E. Can I only expense .25 of the half of tax?

[DaveF1006]

It depends. You would need to separate out the portion of property tax that relates to the land value only. Then you will calculate 1/2 of the land tax and then prorate .25 of that calculation