MarilynG1
Expert Alumni

Investors & landlords

Enter the Mortgage Interest and Property Tax each year, whether you itemize deductions or not.

 

Sometimes these deductions help on your state return, even if not being used as Itemized Deductions on your Federal return.

 

It doesn't matter whether the income is more or less than the mortgage interest/taxes, as you are reporting the income you receive each year as 'Other Income' so it is not tied to those items.

 

@JanK12 

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