We ha a Land Sale in 2016 that resulted in a loss of $75,000. We paid property taxes on that property of $11,013.38. Where do we record thr property tax?

posted

Connect with an expert

1 Best answer

Accepted Solutions

We ha a Land Sale in 2016 that resulted in a loss of $75,000. We paid property taxes on that property of $11,013.38. Where do we record thr property tax?

The property tax is reported in the Deductions & Credits section:

Federal Taxes
Deductions & Credits
Your Home
Property Tax - follow the prompts; you will see two data entries, one for Main Home and 2nd one for Other Property - enter land property tax in Other Property field.

View solution in original post

2 Replies

We ha a Land Sale in 2016 that resulted in a loss of $75,000. We paid property taxes on that property of $11,013.38. Where do we record thr property tax?

The property tax is reported in the Deductions & Credits section:

Federal Taxes
Deductions & Credits
Your Home
Property Tax - follow the prompts; you will see two data entries, one for Main Home and 2nd one for Other Property - enter land property tax in Other Property field.

We ha a Land Sale in 2016 that resulted in a loss of $75,000. We paid property taxes on that property of $11,013.38. Where do we record thr property tax?

Thank you. This is exactly what I needed.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post