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Investors & landlords
Thank you Critter, this is driving me mad, here is the situation: I have the number of days we used the home for personal use (living in it) and the number of days it was available to rent. I used these to come up with percentages for the amount of time the home was used for each. I used these percentages to calculate dollar amounts for interest and taxes under each "status." On paper, these dollar amounts equal the amounts in my 1098. However, under "Deductions & Credits" the amounts shown for 2017 DO NOT equal my 1098 amounts (they are a few hundred short). I checked the amounts I filled in, they add up to the 1098. I seem to recall two fields for the rental property: one that asked for the date the property was converted and one beneath that for the percentage of time it was used as a rental. I cannot, for the life of me, find these fields again, do they exist? I think I mistakenly put 100% for amount of time, though it should have been less. I thought this might be why the amounts are off. Any thoughts?
‎June 4, 2019
3:24 PM