Answered: Clients owns 2 homes one in IL the 2nd home in FL. Has anyone figured out where to enter FL R/E taxes so they get the $10K deduction and adjust IL R/E taxes for just IL?

randyjonit · ‎12-07-2019

garman22 · ‎12-07-2019

Im not sure I should answer a Lacerte question as our 2 programs differ(PS)...but if I understand you correctly, just put FL tax in "other additional homes" with a note stating Florida taxes and Illinois RE in/under "Principle Residence". This should pull and flow to Il-1040 for your Property tax credit.

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garman22 · ‎12-07-2019

Im not sure I should answer a Lacerte question as our 2 programs differ(PS)...but if I understand you correctly, just put FL tax in "other additional homes" with a note stating Florida taxes and Illinois RE in/under "Principle Residence". This should pull and flow to Il-1040 for your Property tax credit.

Clients owns 2 homes one in IL the 2nd home in FL. Has anyone figured out where to enter FL R/E taxes so they get the $10K deduction and adjust IL R/E taxes for just IL?

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