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.

What's the difference between mortgage interest and property taxes

I have a 1098 form and I paid 2015 property taxes January 2016, where do I document this?
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
WillK
Intuit Alumni

What's the difference between mortgage interest and property taxes

Mortgage interest is the amount of interest that was paid on your mortgage loan. Property taxes are the amount of taxes that the county or city charges you for services within the county (based on your home and land value).

You can enter property taxes here:

1. Login to your account

2. On the top right corner of your computer screen you will see My Account

3. Click Tools

4. Click Topic Search, type in 'property taxes', hit your enter button

5. Follow the prompts

**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

3 Replies
WillK
Intuit Alumni

What's the difference between mortgage interest and property taxes

Mortgage interest is the amount of interest that was paid on your mortgage loan. Property taxes are the amount of taxes that the county or city charges you for services within the county (based on your home and land value).

You can enter property taxes here:

1. Login to your account

2. On the top right corner of your computer screen you will see My Account

3. Click Tools

4. Click Topic Search, type in 'property taxes', hit your enter button

5. Follow the prompts

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

What's the difference between mortgage interest and property taxes

Can I find my property tax amount on my annual tax and interest statement?

MarilynG
Expert Alumni

What's the difference between mortgage interest and property taxes

Yes, if your Mortgage Company pays your Property Tax for you, it will be on your Form 1098 from the mortgage company.

 

If you pay your property tax yourself, you will need your property tax statements and receipts for this amount.

 

Here's more info on Property Taxes.

 

 

 

 

 

@Felicialatrice

**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