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cpods
New Member

how do you put in for a section 216 deduction on turbo tax?

 
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AmyC
Employee Tax Expert

how do you put in for a section 216 deduction on turbo tax?

These costs are deductible when you itemize. There is no special line for a Section 216  tenant shareholder  deduction.  Follow these steps:

  1. Open your return to Federal Deductions
  2. Enter property tax listed
  3. Enter your share of Mortgage Interest

Reference: About Publication 530, Tax Information for Homeowners

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