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Investors & landlords
@Rick19744 Thanks a lot.
I assume turbotax does allow you to do 75:25 once you enter the right data about 25% being rental portion,
Does turbo tax allow you to say that all the debt being repaid is adjusted towards the principal amount on the primary portion? We did discuss in this thread that dept repayment tracing lets you adjust the repayment towards personal loan before adjusting it towards rental which yields you income (and thus tax liability)
‎January 8, 2024
1:36 PM