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Investors & landlords
Thank you. How do I enter the Schedule A balance portions into TurboTax? It is quite self explanatory for the Expenses part of the rental income section (Schedule E content), where I enter in the calculated rental portion numbers manually. But the Deductions section asks for exact 1098 information and I can't adjust the amount for either property tax or mortgage interest to only include the balance left after the rental portion. Does TurboTax adjust for it automatically using the rental ratio from Schedule E?
March 15, 2025
9:22 PM