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April 11, 2022
Question

How do you add property tax refund to a rental property?

  • April 11, 2022
  • 1 reply
  • 0 views

Los Angeles County Assessor refunded us incorrectly assessed  property taxes that we've been paying since 2019.  How do enter the refunded property taxes in the "Rental Property and Royalties" (Sch E) form?

1 reply

Carl11_2
Employee
April 11, 2022

When it comes to rental property, all income received from any source for any reason is included in the rental income section. So just add the refund received in 2021, to your rental income and you're done.

 

April 12, 2022

Thank you!  🙂