24
Apr

What tax form do I use to amend last two years to show property tax paid & not reported?

Posted by Admin in Saturday, April 24th 2010   4 comments already   

I didn’t show actual real estate property taxes paid by my mortgage company for 2007 and 2008. What tax form do I use to amend my tax returns for those previous years so I can get credit for the property taxes paid and not reported? The property taxes paid in 2009 I will show on my current tax return for 2009.

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4 Comments Already

mygif
Lil_Dog Said,
April 24th, 2010 @8:32 am  

1040-X is the amended return

mygif
the tax lady Said,
April 24th, 2010 @8:39 am  

2007, use 1040X and schedule A. You need to exceed the standard deduction to see a difference. The schedule A is all expenses, even ones claimed on the original return.

For 2008, use 1040X. Up to $500 of real estate tax could be claimed with the standard deduction, otherwise schedule A.

mygif
Mathew Said,
April 24th, 2010 @8:48 am  

A Form 1040X is used to amend a prior year tax return. You will have a Schedule A change so you will need to include that form as well.

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Bash Limpbutt's Oozing Cyst© Said,
April 24th, 2010 @9:24 am  

File Form 1040-X and attach a corrected copy of Schedule A.

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