How do I report due to rent increase two different rent payments amounts of Property Tax Information Worksheet: Line 5 - Monthly Rent ? My rent increased on June 7 .

Forum|Forum|3 years ago
February 24, 2023
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PattiF

To enter the correct amount, you can add the total payments that you made for the year. Divide that number by 12, and enter that amount as your monthly rent.

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19CSFlo66Author

Employee

that would be finding the average rent payment. I was wondering about that.....

PattiF

Yes, the average rent payment is what you need to enter since you had a rent increase during the year.

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Carl11_2

Employee

This is apparently for a state tax return. What state? If I were to guess, my guess would be Hawaii.

19CSFlo66Author

Employee

close....Michigan.......correction...rent went up July 1.....6 months Jan-June one rent amount...then went up in July for next 6 months...July-December higher amount...