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Investors & landlords
I am in the same boat as the OP for 2022 taxes. How do I know if turbotax is splitting the mortgage interest between Schedule A and Schedule E?
1. For the personal deduction I put in the full amounts given on the 1098 etc
2. For the rental section I manually calculated the amounts associated with rental use.
Am I supposed to go back to the data I entered in step 1 above and deduct the amount I entered for rental use to avoid double dipping or does turbo tax automatically do this?
‎July 14, 2023
2:47 PM