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Investors & landlords
If you say House C was available all year for rent, you would not be able to take any of the mortgage or property taxes as a personal deduction, which would probably further increase your taxes. Increasing your personal use days by pushing back the date that you converted it to rental use would potentially increase your personal deductions.
I could continue to guess, but it would be helpful if I had a diagnostic file of your return to look at to see if I can more accurately diagnose what is going on.
You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions:
Go to the black panel on the left side of your program and select Tax Tools.
- Then select Tools below Tax Tools.
- A window will pop up which says Tools Center.
- On this screen, select Share my file with Agent.
- You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
- Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.
I will then be able to see exactly what you are seeing and can determine what exactly is going on in your return and provide you with a more tailored answer.