Re: Property tax is’nt part of rental expenses, right?

Re: Property tax is’nt part of rental expenses, right? by Brad on February 15, 2019 @10:53

I write off my property tax as an expense along with mortgage interest.
When using Turbo Tax, it asks to input that amount when figuring rental expenses.

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Re: Property tax is’nt part of rental expenses, right? by Tom on February 15, 2019 @11:14	[ Reply ]

Thanks! I found that Line 16 of Schedule E is for property tax too but Schedule E Instructions miss Line 16 completely.

by Daniel (CA) on February 15, 2019 @15:10	[ Reply ]

since there is no instruction use your best practices / best judgment. For example you could use the entire property tax or just a portion by counting the rooms. Best judgment would probably dictate to only use the % of rooms and not the full amount.

Re: by Tom on February 15, 2019 @18:37	[ Reply ]

Good to know how to deal with lines missing Instructions(I thought the IRS forgot to add Instructions). Thank you Daniel.

Re: Property tax is’nt part of rental expenses, right? - Landlord Forum thread 359061