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Two different answers on here regarding how to input Rental Property income/expenses. One says prorate, another says enter full amount. Which is correct?
While searching Community answers for how I should enter mortgage interest, real estate taxes, etc on my Federal Return, there are two conflicting answers: One says to prorate, the other says to enter full amount and TurboTax will prorate to Schedule E based on Fair Rental Days and Personal Use Days percentage.
Based on above, I'm not sure which method is correct!
I use TurboTax Premier for Mac.
Thanks,
B
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‎June 6, 2019
5:44 AM