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Level 15. If the MN department receives your properly completed return and all enclosures are correct and complete, you can expect your refund: by mid-August if you are a renter or mobile home owner and you filed by June 15, or within 60 days after you file, whichever is later. by the end of September if you are a homeowner and you file by ...
Reopen TurboTax. Click on Filing (File a Return) Select E-File, Continue. It should then show your Minnesota Property Tax and list that your Federal and State have already been transmitted. Select e-File now, Continue. Follow the rest of the prompts to select your refund method and hit "Transmit Return Now".
Form M1PR for the 2018 Property Tax refund says that the refund is a function of taxable income for tax year 2018 and property taxes payable in 2019. So, from the standpoint of federal tax deduction, the MN property tax refund is indeed a reduction in the 2019 local taxes paid rather than a refund of taxes paid in 2018.
by TurboTax•849• Updated 10 months ago. Yes, you can file your M1PR when you prepare your Minnesota taxes in TurboTax. We'll make sure you qualify, calculate your Minnesota property tax refund, and fill out an M1PR form. The M1PR can be mailed or e-filed (if qualified). Follow these steps to begin your M1PR:
You received no income tax benefit when you paid the property tax, so the refund is not taxable income and does not affect your income tax return. If you did claim an itemized deduction for property tax in the earlier year, technically you should treat the refund as an itemized deduction recovery. This is fairly complicated, and TurboTax will ...
The MN property tax refund should autofill once you select the type of property, 1a is a residential homestead. To get there continue through the state until you arrive at the Other Forms You May Need screen. Confirm the Property Tax Refund (Form M1PR) box is checked, then continue. @Breczinski.
You will need your 2023 property tax statement to enter this information. Go to your state return. Click edit next to Minnesota. When you get to the Property Tax Statements, select edit. This will bring you to the worksheet. Use the scroll bar to scroll down and make sure values are listed in Step 1 through step 3.
Level 14. Many statements don't even have a line for that, or possibly could lump it in with "other exclusion". But look in the upper-right hand corner of your paper Property Tax Statement, under "Step 1". IF your home has such an exclusion, it would be listed there. But from what I've seen, that is pretty unusual. June 30, 2023 1:08 PM. 1. Reply.
When filing out information for my MN state return, I noticed an issue with the Property Tax Refund-Homeowner section. In this section it states, "You told us you were a MN homeowner in 2015" and then you are asked if all 4 options apply to you. If you answer "Yes", you go to the next screen where you need to verify all the assistance program ...
Owned and lived in your home on January 2, 2023. Had household income for 2022 of less than $128,280. And, to claim a special refund, you must have: Owned and lived in the same home on January 2, 2022, and on January 2, 2023. Had your home's net property tax increase by more than 12% from 2022 to 2023. A net property tax increase of at least $100.