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Business & farm
Attached are the instructions for Sch E of the form 1040. In particular review the instructions on page E-11 (line 28) for how to handle your interest expense. If you follow the input and answer the TT questions appropriately, the software will handle this correctly.
https://www.irs.gov/pub/irs-pdf/i1040se.pdf
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎November 11, 2019
4:55 PM