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Investors & landlords
If you have those expenses of a homeowner, you should check the box. The bought a home box is for the program to know if you will have property tax, mortgage interest, PMI, expenses that come with home ownership.
A "rent to own" should have a mortgage calculation for the amount of interest you are paying.
These days, very few people actually claim those expenses on the federal, but you may be able on the state.
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‎January 29, 2020
12:59 PM