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Updated 9 months ago,

User Stats

29
Posts
15
Votes
Jeffrey Fung
15
Votes |
29
Posts

1040 Tax Returns - What amounts do you use for Property Tax

Jeffrey Fung
Posted

When you guys are filing property tax amounts for rental properties, what figures do you use? 

For example, let's say I am filing for 2023: 

2022 -2023: 

Installment 1: $5,200 Paid Nov 2022

Installment 2: $5,200 Paid April 2023

2023-2024

Installment 1: $5,500 Paid Nov 2023

Installment 2: $5,500 Paid April 2024


Are you guys using $5200 + $5500 or $5500 + $5500? 

End of the day it's not a big deal but I am getting conflicting advice from different cpas. 

Thanks, 

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