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IN THE MN PROPERTY TAX REFUNDS STEP 1 LAST LINE : What does Property classification mean? Tax forms say Res Hmstd not letters/numbers given

I can't locate the number/letter for the property classification of Residential Homestead
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5 Replies
AmyC
Employee Tax Expert

IN THE MN PROPERTY TAX REFUNDS STEP 1 LAST LINE : What does Property classification mean? Tax forms say Res Hmstd not letters/numbers given

Form M1PR instructions - Minnesota Department of Revenue shows: homestead, non-homestead, commercial and special homestead (blind or disabled). You must be a residential homestead and your form is correct.

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AnneS3
New Member

IN THE MN PROPERTY TAX REFUNDS STEP 1 LAST LINE : What does Property classification mean? Tax forms say Res Hmstd not letters/numbers given

That answer is not helpful. In TurboTax we must select a number-letter code, while our MN property tax form shows only Res Hstd. What is the corresponding number-letter code?

AmyC
Employee Tax Expert

IN THE MN PROPERTY TAX REFUNDS STEP 1 LAST LINE : What does Property classification mean? Tax forms say Res Hmstd not letters/numbers given

@AnneS3  When you go through the screens, there is a dropdown box for property classification. The first selection is Residential Homestead and then the box changes to 1a automatically.

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ozrick
New Member

IN THE MN PROPERTY TAX REFUNDS STEP 1 LAST LINE : What does Property classification mean? Tax forms say Res Hmstd not letters/numbers given

There is a blank box that you cannot type into. Then numbers drop down after that without saying what the numbers are for. Are you saying the BLANK box is "res hmstd" ? Guessing this is a flaw on Turbo Taxes end that they missed?

TeresaM
Expert Alumni

IN THE MN PROPERTY TAX REFUNDS STEP 1 LAST LINE : What does Property classification mean? Tax forms say Res Hmstd not letters/numbers given

Yes, when you click the down arrow and select 1a from the dropdown list it will be calculated as residential homestead for the Property Tax Refund Credit

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