Thank you for your response. Here is additional clarification.
So of the two homes, none of them are primary residences. Both properties were purchased in Nov and Dec of 2020.
One of them is an investment property with the sole purpose of rental. I have not received 1098 for it. The second home was purchased as a 2nd home, so it too is not a primary residence; however, for this one, I did receive 1098.
Both properties did not get rented out till Jan 2021.
So if I gather correctly, for the 2nd home, for which I do have 1098 from the Mortgage company, and which did not get rented till Jan, 2021, for the period of Nov-Dec, 2020 I will enter it as a primary residence, since it was not rented, correct? However, for 2021 tax year, I will enter it under the business section of TT as it was rented as of Jan 2021.
If the above is true, while I have not gone through the entire interview under the personal section, but I would imagine it would prompt me to enter the information such as 1098 at some point in the interview process. Is there a place to enter the prepaid taxes and other expenses from the Settlement Statement as well?
I'm just trying to figure out if it is under the personal or business section and if both the 1098 and information from the Settlement Statement would be captured. Thank you.
