I had 10k in mortgage interest on a rental property that was converted to a personal residence half way through the year.
I got a 1098 from a bank that says 10k in interest paid.
On the BUSINESS part of TT Questionnaire: Report Mortgage Interest: "ENTER ALL MORTGAGE INTEREST ON YOUR FORM 1098." Despite this statement, I took 5k of interest expenses on the business side (schedule E) . There was NO option in TT to select "This mortgage interest is different from what is on my 1098 ($10k).
When I get to the personal portion of deductions-> Do I check the box that says ""the interest amount is different from what on my 1098" and report 5k here as well?
Is this an automatic flag for a tax return verification considering that the number on the return dosen't match the exact 1098 number and considering I am putting in a manual note?
What is the right way to note this (or do I even need to) in TT?
