Thanks AmeliesUncle:
Just to be clear, under deductions/credits in the "your home" section when TT asks "did you own a home" and shortly after a 'yes' answer ask Did you have a loan and get a 1098? You mean I should say "NO" I don't have a home or loans? and I should also enter "0" for property tax because these were entered as expenses in the rental section.. right? And that's not going to throw up a red flag to the IRS?
I do agree that this method seems the most correct financially, but it means 1) for tax purposes, I don't have a permanent residence and only lived in a 'vacation house' and 2) I have to say I didn't get any qualifying 1098INT, which the bank of course sent to the IRS and that's concerns me.
Turbo Tax is very confusing, here... saying "no" I didn't own a home or have loans is wrong, but makes TT do the right thing.... i guess??? Let me know if I'm missing something
