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Investors & landlords
Thank you.
I am using a turbotax premier PC downloaded version.
I did complete all the questionnaires in the rental income session. I answered questions like when I started to converted the house.
It's just for the "deductions/credits" part, there is a reminding message saying that certain deductions have being taken care of. But I am now dealing with the primary residence part, that should not be covered when I enter for the rental information. After I added that 1098 (the old house), the tax owed jumped, which doesn't make sense. I don't know where did it go wrong. Or shall I input the year-total amount of property taxes/insurance premiums/mortgage interests in the rental session, then Turbotax automatically calculate the rental deduction and primary deduction because it collects information like when I converted the house?