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April 13, 2025
Question

where to enter my property taxes in my 2 family owner occupied rental property

  • April 13, 2025
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    April 13, 2025

    By 'owner occupied rental property', do you mean that you live in one half of a duplex property?  Or something else?

     

    If this is a duplex where you live in one half and rent for profit the other half, one half of the property tax is a deduction for the residential rental property and one half is deductible on Schedule A Itemized Deductions as an itemized deduction.

     

    In TurboTax Online, enter rental income, expense and assets by following these steps:

     

    • Down the left side of the screen, click on Federal.
    • Down the left side of the screen, click on Wages & income.
    • Click to the right of Rentals, Royalties, and Farm.
    • Click to the right of Rental Properties and Royalties.
    • At the screen Your 2024 rentals and royalties summary, select Edit or Add another rental or royalty.
    • At the screen Here's rental property info, select Add income to report rental income.
    • At the screen Here's rental property info, select Add expense or asset to report rental expense.

    In TurboTax Online, enter property tax expense by following these steps:

     

    • Down the left side of the screen, click Federal.
    • Down the left side of the screen, click Deductions & Credits.
    • Click to the right of Your Home.
    • Click to the right of Property (real estate) Taxes.

     

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