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Adding in Rental Property Deduction Expenses
Hi.
I own an apartment (a co-op) that I rent out.
When i complete my taxes through turbo tax (but omit the deduction expenses), i owe aprox $800.
When complete my taxes through turbo tax but INCLUDE the deduction expenses, the amt I owe goes up to aprox $1800.
That doesn't make sense to me. Am I doing something wrong?
Thanks for any help you can give me.
Tom
May 26, 2022
7:14 PM