Question

Do I enter property and school taxes when asked for property tax?

Forum|Forum|5 years ago
April 1, 2021
1 reply
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Disbursements from escrow...do I enter taxes pd YTD?

TurboTax Self Employed Online

You can deduct property taxes paid during the year even if they came from your escrow account. School taxes based on property value would qualify as deductible property taxes.

Many Form 1098 mortgage interest statements will list the property tax amount. Otherwise your mortgage statement will show the amounts and list the dates disbursed.

I am not sure what "taxes pd YTD" refers to, If it is 2020 year-to-date that would be your deductible 2020 property taxes. If you are looking at year-to-date for 2021, that's next year's taxes.

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