I made less than $20,000 and rented one bedroom in my home for 143 nights. I have an earnings summary amount (reported from Airbnb) that I applied as my income/wages.
This is the home I also live in 365 days a year. I received two 1098 forms from my Lenders with "mortgage interest received" and "mortgage insurance premiums" on them.. Where all do I put my mortgage interest received and mortgage insurance premiums?
When I am under the wages/income tab (sched E rental)-- under "report mortgage interest," it asks for "lender's name and interest paid" and states to "enter all information for this property reported on form 1098." however, later on I get into the deductions part and it asks for the same information for the "home loan deduction summary." Is it correct for me to put those same numbers in each income/deductions? It drastically changed my return amount.
