helin
New Member

Get your taxes done using TurboTax

Side Note: The mortgage int and prop tax is a $23K deduction and the rental expenses I paid (utilities, mgt fee, ins) are over $8K: only collected $11K in rent.  The $23K more than offsets the $11K and any of the $8K above my 2% misc is icing on the cake.  Have to go this way since trying to claim as as a Rental would result in a significant loss (passive carry-over) and the low rent would be a definite Red Flag.