You'll need to sign in or create an account to connect with an expert.
If you only paid property taxes on your primary home via a 1098 Form, then list it in that section along with your mortgage interest. There are a number of reasons for the two separate property tax sections, such as;
1.) Not everyone has a mortgage so there would be no 1098 form to report the property taxes on.
2.) For mortgage holders, not every lender will list the property taxes on the Form 1098 (IRS does not require it)
2.) For homes sold/purchased, property taxes listed on a closing statement will not be reported on a 1098 Form at all.
4.) Property taxes for land held for investment and no mortgage held is entered in the property tax category.
If you only paid property taxes on your primary home via a 1098 Form, then list it in that section along with your mortgage interest. There are a number of reasons for the two separate property tax sections, such as;
1.) Not everyone has a mortgage so there would be no 1098 form to report the property taxes on.
2.) For mortgage holders, not every lender will list the property taxes on the Form 1098 (IRS does not require it)
2.) For homes sold/purchased, property taxes listed on a closing statement will not be reported on a 1098 Form at all.
4.) Property taxes for land held for investment and no mortgage held is entered in the property tax category.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rmul32
New Member
chunhuach
Level 1
redmoose
New Member
Rocketman1963
New Member
SelenaP
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.