I'm thoroughly confused. I rent my house out for 1100/month. We pay 1378/month in our mortgage payment. We are losing money every month. Now I input what I received, and it's saying I'm going to owe a hefty amount because of it. This isn't an INCOME for me... it's a loss. I'm not receiving 1100... I'm losing 278. So, on top of that, I'm going to have to pay taxes on this non-income?
