Investors & landlords

DO NOT NOT NOT enter the mortgage interest payments twice .... (ignore the "doesn't match" crud )  you will either : 

1) manually  allocate the amount in the Sch E & Sch A sections by only entering the amount belonging to each section 

OR 

2) allow the computer to do the allocation based on the personal/rental use %

Read the screens carefully and then switch to the FORMS mode to see the allocations between the Sch E & Sch A ... review the worksheets if needed. 

Also ... #1 mistake user's make in a rental conversion that will mess you up big time ... once the home is converted to a rental you did NOT have any personal use days (unless this is a vacation home that you use between renters).  READ that screen carefully. 

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