Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
D
dragonsucker89
March 30, 2020
Question

I have a rental property. In 2019 I paid 6 quarters of property taxes. So my 2018-2019 property taxes quarter 3 and 4 were paid in January 1st and April 1st. Same year in july 2019 I recieved my 2019

  • March 30, 2020
  • 2 replies
  • 0 views
No text available

2 replies

J
JotikaT2
March 30, 2020

You would take your deduction in 2019 for your property taxes actually paid in 2019. 

 

Tax returns report activity on a cash basis, so your deductions will be reported as they were actually paid in 2019.

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
A
Anonymous
March 30, 2020

when did you acquire the property becuase if it was in 2018 you may have received credit for the portion of  the year you didn't own the property. you would have to reduce the taxes you paid by the credit amount. 

TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification