Answered: How do I enter property tax information for mortgage?

loudyf000 · ‎02-22-2020

itonewbie · ‎02-23-2020

Amount paid into the impound/escrow account is not relevant. If it's paid from the account, which the 1098 should show in Box 10, you will enter that under Deductions > Itemized Deductions (Sch A) > Real Estate Taxes, on the line for Principal residence [Adjust] (Click on button to expand).

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Still an AllStar

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abctax55 · ‎02-22-2020

Your question is unclear. Do you mean the property tax paid via an impound account?

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

itonewbie · ‎02-23-2020

Amount paid into the impound/escrow account is not relevant. If it's paid from the account, which the 1098 should show in Box 10, you will enter that under Deductions > Itemized Deductions (Sch A) > Real Estate Taxes, on the line for Principal residence [Adjust] (Click on button to expand).

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Still an AllStar

loudyf000 · ‎02-23-2020

Thank-you Itonewbie. Exactly the answer I was looking for.

itonewbie · ‎02-23-2020

NP, @loudyf000!

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Still an AllStar

abctax55 · ‎02-23-2020

Nice mind reading, Jensen.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

itonewbie · ‎02-23-2020

Still burning midnight oil for the Friday class but 1 out of 1,000 ain't bad for my record. 🙂

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Still an AllStar

How do I enter property tax information for mortgage?

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