I have one loan for several rental properties. How do I record the rental expense in TT for business for the mortgage interest? Do I have to allocate a portion of the interest to each property in the RENTAL REAL ESTATE EXPENSE SUMMARY section, or can I just enter it in the general business section, or can I create a bogus rental property and put all the expense there so it shows up as offsetting the rental income in summary?
Similar to this, I pay an agent to collect rents for all the properties. Do I need to allocate this cost across the properties or can I treat it as a general business expense?
