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Deductions & credits
-11k is the adjustment it wants me to make which will increase my tax liability to state of california by 1k, i think the problem is it doesn't see the name of the second lender flowing from Fed to CA and its unable to recognize the 11k extra mortgage deduction that pertains to the personal portion of my rental property when it was my primary home, so its telling me to make a deduction of -11k which negates that other mortgage deduction and increased my tax liability by 1k, does this help clarify, seems like you cant get on a phone call with me?
‎June 1, 2019
8:21 AM