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I have a rental property where I have earned escrow interest... there appears to be no obvious way to enter the data against the property
This question was asked elsewhere and marked as solved, but I don't think it has been.
The solution mentioned was to enter it as any other 1099-INT, but it should be added to the property income OR needs to reduce the expenses.
I could see the IRS flagging it if the 1099-INT does not appear in in my 1040. So I'm not sure how to handle it within TT or from a tax code perspective.
Any suggestion if it is worth trying to find a solution or just claim it as a normal 1099-INT and be taxed on the interest.
March 16, 2022
4:31 PM