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ADU Short Term Rental Schedule E mortgage and interest
We built an fully detached ADU behind our primary residence in 2022 and started renting it through airbnb in 2023. Should I enter real estate taxes, mortgage interest, and insurance in schedule E, even though it's being entered into the deductions section later? Does TurboTax know to split these out or should I do something like a square footage calculation since the ADU makes up 26% of the total square footage of the two properties or should I just enter these values in one place and skip the other?
Thanks!
‎February 27, 2024
10:00 AM