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Level 5
March 4, 2021
Question

Real estate taxes for home office

  • March 4, 2021
  • 4 replies
  • 21 views

Hi

I am entering mortgage interest and real estate taxes in form 1098. I then claim 10% of each in form 8829 from home office. 

In schedule A both mortgage interest and real estate taxes pull in from the 1098.  I can adjust the mortgage interest claimed down by 10% in line 8a, schedule A. But real estate taxes pull in as the full amount in 5b. How do i adjust these real estate taxes down by 10%? 

Thanks Nolan

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4 replies

rbynaker
Level 13
March 4, 2021

Stop using the 1098 input.  You don't need it.  Enter the expenses directly on the 8829 worksheet and have them flow to Sch A automatically from there.

nolanmAuthor
Level 5
March 4, 2021

cool that works thank you.

I thought the IRS matched 1098's with the mortgage co's fed ID number etc? None of these details necc at all in return?

 

sjrcpa
Level 15
March 4, 2021

Theoretically they do. I've never had a notice when an 8829 was involved.

The more I know the more I don’t know.