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No, you don't need to break out every cost, but you do need to group your expenses according to the tax rental categories. See the listing from schedule E in the screenshot below. The software walks you through adding all of your expenses and assets for depreciation (the rental house itself + furniture, etc.).
No, you don't need to break out every cost, but you do need to group your expenses according to the tax rental categories. See the listing from schedule E in the screenshot below. The software walks you through adding all of your expenses and assets for depreciation (the rental house itself + furniture, etc.).
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