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January 27, 2025
Question

Property tax

  • January 27, 2025
  • 2 replies
  • 0 views

Hi,

I uploaded my 1098 form to turbotax, and when it asked me to doublecheck that all the info matched, everything did except for the property/real estate taxes. For some reason, turbotax plugged in my escrow amount as opposed to the amount disbursed (eal estate taxes). Should I change the amount to the amount that appears on my statement? (there's a sizeable difference) I've never had a situation where turbotax differed before. 

    2 replies

    Employee
    January 27, 2025

    Always check the data when you import it.   You caught an important error and need to fix it by keying in the correction by hand.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    DoninGA
    Employee
    January 27, 2025

    Yes, change amount on the TurboTax form to the actual amount of property taxes paid as shown on your Form 1098.