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Investors & landlords
Thank you Paula, the issue I am having now is that the mortgage interest and property taxes values under "Deductions and Credits" do not equal the numbers on my 1098. Is this normal? I accurately divided the interest and taxes between the rental and personal (they add up to the 1098). The only thing I can think of is that the number of days the home was "rented at a fair market rate" do not equal the number of days it was a rental (since the home was converted to a rental and was vacant before the date a lease began). Could the gap between the number of personal use days and the days rented at a fair market rate be the reason for the difference in values shown under "Deductions and Credits" and my 1098?
‎June 4, 2019
3:24 PM