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March 27, 2022
Question

Property (real estate) Taxes box left empty

  • March 27, 2022
  • 1 reply
  • 0 views

Hi,

 

I uploaded the form 1098 from my lender for turbo tax to scrap the necessary details.

My form 1098 has Box 10 (Other Taxes Paid) field filled with some dollar amount.

But TurboTax did not have the field Property (real estate) Taxes populated. On reading its description it says that it should usually be filled with Box 10 from form 1098. Is my understanding right and should I proceed with filling that details from form 1098?

1 reply

March 27, 2022

Yes, you should enter that amount as property taxes paid. Property taxes are not reported in a uniform manner on 1098s so TurboTax may not properly import them. Property taxes, along with other state and local taxes up to a combined $10,000 can be used as an itemized deduction.