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Deductions & credits
Thanks for the info. It's very helpful.
I thought, might still, get to itemize my deductions. The problem then became squaring up the 1098 form reflecting paid mortgage interest. In the past I just allocated the interest as a personal deduction at 73% and 27% as rental expense.
TurboTax did not like that. Said it would cause a problem with the 1098 not balancing with the other forms starting with the schedule E worksheet. This is now just an academic exercise but if I could itemize how would I account for the difference in reporting the 1098 versus the deductions taken.
‎February 6, 2022
7:03 AM