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I am deducting the same mortgage interest both under "wages and income" and "deductions and credits" and this seems wrong. Is this really correct?
The mortgage interest is for a rental property. Under "wages and income," the mortgage interest reduces the amount of my rental income. Under "deductions and credits," it appears that the same mortgage interest I reported for the rental property is giving me an additional tax credit. This seems odd to me.
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‎June 3, 2019
12:04 PM