Hello, my question is related to the rental property asset of mortgage points I paid when I originally purchased my rental properties a few years ago. I refinanced my property in 2021, so I closed that asset and the software transferred the rest of the money I paid as points to a rental expense. That all makes sense to me and you showed me how to do that on TT. The amount is $3,364. However, I am now working on my PA state return and the program is treating this sale like a loss. But here is my question. It is asking for me to enter the "price less expenses" for this asset and I am not sure what to enter. Is the "price less expenses" the original amount of the points I paid? Also, why is the software treating this rental asset as part of my gains and losses anyway on my state return? It lists this loss in the same area where I have capital gains on the sale of a mutual fund. This asset was part of my rental property, not my personal income. I am confused. Your help is appreciated.
