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Investors & landlords
Rental income is the total amount you received from all sources for your unit. Later in the questionnaire, you will enter all of your expenses including mortgage interest information for the property in order to reduce your income and calculate your net profit or loss.
Please note: Rental income is NOT total rent minus mortgage payment. You must input your gross income and record your expenses separately.
Thank you for choosing TurboTax. Have a wonderful day. ~ Leslie
May 31, 2019
4:47 PM