Where is Property Tax Rebate amount entered as additional income?

Forum|Forum|2 years ago
February 23, 2024
3 replies
0 views

No text available

TurboTax Deluxe Online

Best answer by Mike9241

also, such a rebate would only be taxable to the extent you took a deduction for the taxes in year x and got the renate the following year. if the same year they should be netted.

BillM223

Which state are you talking about? Remember that we in the Community cannot see your private tax data, so help us help you.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

Mike9241Answer

also, such a rebate would only be taxable to the extent you took a deduction for the taxes in year x and got the renate the following year. if the same year they should be netted.

AmeliesUncle

In the event you are talking about Minnesota, no.

The Minnesota Property Tax Refund would lower your property taxes you claim on Schedule A (Itemized deductions), but the refund from the prior year does not create taxable income for this year.