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Investors & landlords
So just to use easy and round numbers as an example:
If I paid $10,000 in taxes and $20,000 in property interest, and the square footage of total house usage (bedroom, bathroom, shared kitchen and family room) is 40%, I'd enter the following:
Schedule A taxes: $6,000
Schedule A interest $12,000
Schedule E taxes: $4,000
Schedule E interest: $8,000
Thanks for confirming! My last question is how do I manually get back to the Schedule E? When I did the auto-review, I finally saw a spot where I could enter in % of the house being used, but I need to change this percentage now, but only saw it pop up during a review (and a re-review doesn't pull it back up).
‎February 5, 2020
7:45 AM