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What is My Share of Property Tax When FIlling out Schedule H or H-EZ if I Owned or Share a Homestead in Wisconsin?

Article ID: 34611  

Question
What is My Share of Property Tax When FIlling out Schedule H or H-EZ if I Owned or Share a Homestead in Wisconsin?

Answer

If you owned your homestead with others, use only that portion of the net property taxes that reflects your percentage of ownership, unless one of the following situations applies.

a) If the other owner was your spouse who lived with you all year, you may use all of the net property taxes.
b) If the other owner did not live in the homestead and you paid or will pay all the property taxes, use the portion of taxes reflecting your ownership percentage, and use the other owner's share of taxes as rent.
c) If you inherited a partial ownership interest and are required by the terms of the decedent's will to pay all the property taxes, you may use all the property taxes from the date of death. Submit a copy of the will to verify the requirement.

Please see Schedule H or H-EZ on wisconisn.gov for more information. 


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Views: 1220 Created on: Jun 15, 2013