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JLGardell
New Member

I sold and bought a new home mid-year. Do I need to enter two Property Index Numbers for property tax info?

 
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3 Replies
HelenC12
Expert Alumni

I sold and bought a new home mid-year. Do I need to enter two Property Index Numbers for property tax info?

Please clarify. Are you referring to a state credit for property taxes that you paid and if so, what state?

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JLGardell
New Member

I sold and bought a new home mid-year. Do I need to enter two Property Index Numbers for property tax info?

Yes property tax credit.  properties are both in Illinois (sold and bought). So turbotax calculates the total property tax paid from 2 1098s. But only lets me put in 1 Property Index number. 

DianeW777
Employee Tax Expert

I sold and bought a new home mid-year. Do I need to enter two Property Index Numbers for property tax info?

It depends.  Illinois (IL) will review the property tax credit information on Schedule ICR.  The IL Schedule IRC does not seem to indicate a second form should be attached and TurboTax asks the specific questions the form has on it. The full property tax does carry from the federal entry and calculates the total credit correctly. I suggest entering the most recent home purchased property number. Keep all of your documents should you need to respond to an inquiry.

 

How do I claim the Property Tax Credit?

You may claim the property tax credit on Schedule ICR, Section A. You must enter the amount of property tax paid, the county in which your property is located, and the property number. You must enter your property number exactly as it appears on your property tax bill or assessment notice.

  • Your property number is found near the top of your property tax bill or assessment notice. If your property taxes are paid through your mortgage, you may contact your lender for your property number.
  • You may also get this number from your county assessor's office. A list of counties, with contact information, is under the "Individuals" section of our website.

We review the credits you claim and, if necessary, we may ask you to provide additional information to verify your credits.

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