Question

Property Taxes

Forum|Forum|6 years ago
February 10, 2020
1 reply
0 views

When providing my address with TurboTax I use an address outside my state of residence for mail collection purposes (this state has no state taxes). When I input property taxes into TurboTax for my state of residence that has a state tax, I get no deduction. How do I tell turbotax that the property taxes are for VA and not TX?

V

VictorW9

Remember there is a limitation on the amount of property tax deduction you can take in your schedule A aka State and Local Tax Limitation (SALT) as par the new Tax Cut and Jobs Act (TCJA). If you are forced to take the standard deduction, then your total schedule A itemized deduction is less than your standard deduction. And the $10,000 limit you have on property tax deduction could be the reason why.

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H

haseldean

I have a problem here were it shows that the property tax I paid is double than what I put in- under the review page- but when I go to the actual form it shows it correct???

I also made sure that under other deductions -"home office I checked the box that the property tax is listed else where.."

any clue why it shows it double on the review page?