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Deductions & credits
First, do you really rent the house to your parents? There is nothing stopping you from owning two houses, you don't HAVE to make one a rental, unless it really is. A rental is depreciated and you may need to deal with depreciation recapture if/when you sell the house.
Next, for the state errors, to clarify, are you entering that for a homestead or property tax credit?
Which state?
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February 13, 2025
7:47 PM