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Get your taxes done using TurboTax
Correct, you can't deduct mortgage interest or property taxes against rental income during a period that the property was not rented. In this case, the full amount of rental income received is taxable and it should best be reported as rental income on a schedule E. There is an option to report rent from not-for-profit rental property as other income, so that is another less-optimal option for you.
You report other income in TurboTax as follows:
1. From the Federal menu in TurboTax find Wages and Income
2. Find Less Common Income
3. Choose Miscellaneous Income, 1099-A, 1099-C
4. Choose Other Reportable Income
5. Enter a description of the income and the amount received
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‎February 7, 2024
1:20 PM
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