3212133
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.

Where is Property Tax Rebate amount entered as additional income?

 
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

Where is Property Tax Rebate amount entered as additional income?

also, such a rebate would only be taxable to the extent you took a deduction for the taxes in year x and got the renate the following year. if the same year they should be netted.

 

View solution in original post

3 Replies
BillM223
Expert Alumni

Where is Property Tax Rebate amount entered as additional income?

Which state are you talking about? Remember that we in the Community cannot see your private tax data, so help us help you.

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

Where is Property Tax Rebate amount entered as additional income?

also, such a rebate would only be taxable to the extent you took a deduction for the taxes in year x and got the renate the following year. if the same year they should be netted.

 

Where is Property Tax Rebate amount entered as additional income?

In the event you are talking about Minnesota, no.

 

The Minnesota Property Tax Refund would lower your property taxes you claim on Schedule A (Itemized deductions), but the refund from the prior year does not create taxable income for this year.

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