Yeah, it isn't a big amount money and I was thinking about not reporting it. I am just trying to get familiar with this to prepare for the next year.
You are right that there is no cap on Sch E, and I am not able to get a rental loss deduction. The issue is, as long as I split my mortgage interest between Schedule E and A, the portion in Sch A has no cap, and TT said it already "handled it for me, don't enter anything else" and won't ask me to input principal amount or mortgage origination date etc to apply that cap. It just thinks it's ok to have to uncapped.
