You'll need to sign in or create an account to connect with an expert.
It depends. If this land is not actively used to grow crops or raise livestock, you would report the Property Taxes under Deductions & Credits >> Property Taxes.
But if you have an active farm on the land, property taxes are reported under Farm Expenses as Taxes. Farming Income & Expense section is available in TurboTax Self-Employed Online or any TurboTax version for Desktop.
It depends. If this land is not actively used to grow crops or raise livestock, you would report the Property Taxes under Deductions & Credits >> Property Taxes.
But if you have an active farm on the land, property taxes are reported under Farm Expenses as Taxes. Farming Income & Expense section is available in TurboTax Self-Employed Online or any TurboTax version for Desktop.
Good, that's where I was putting it. Thanks!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tompatty66
New Member
Raph
Community Manager
in Events
j_pgoode
New Member
Young23
New Member
trancyml
New Member