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Investors & landlords
*Important* I deleted the property tax and mortgage interests ($0) in the "Deductions & Credits" since it is automatically allocated previously from the rental property.
A majority of people miss that little "note" on that screen, telling them it's already allocated the schedule A portion. I actually wish that in addition to that note, that screen would have a box for "already allocated" or something, and show the allocated amount. I think that would "get your attention" when seeing a figure you didn't enter, and would more likely cause you to read the note and understand where it came from. 🙂
‎February 22, 2022
4:10 PM