I took out a HEL from my principle residence to purchase a rental property filed on my Schedule E. I received Form 1098 to report income. I put the interest expense on Schedule E associated with that rental. IRS states that I have to attach a statement to the return: election pursuant to reg section 1.163-10T(0)(5) to treat debt as not secured by a qualified residence.
Turbo tax will now allow me to attach any statement?
