turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Does "personal property tax" include property tax paid on a rental property? As in does this mean the property tax that came out of my escrow account with my mortgage payment?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MarilynG
Expert Alumni

Does "personal property tax" include property tax paid on a rental property? As in does this mean the property tax that came out of my escrow account with my mortgage payment?

The Property Tax that you pay out of escrow to your Mortgage Lender on your Rental Property is entered as a Rental Expense.

It can be called 'Property Tax' or 'Real Estate Tax'.

Here's more info about Personal Property Tax (usually for vehicles, boats, etc.):

https://ttlc.intuit.com/replies/3300085

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MarilynG
Expert Alumni

Does "personal property tax" include property tax paid on a rental property? As in does this mean the property tax that came out of my escrow account with my mortgage payment?

The Property Tax that you pay out of escrow to your Mortgage Lender on your Rental Property is entered as a Rental Expense.

It can be called 'Property Tax' or 'Real Estate Tax'.

Here's more info about Personal Property Tax (usually for vehicles, boats, etc.):

https://ttlc.intuit.com/replies/3300085

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question