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jjzhan1
New Member

I have rental properties and income from a job. My tax increased when I entered mortgage interest as expense for the rental business. Does this make sense.

 
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1 Reply
AnnetteB
Intuit Alumni

I have rental properties and income from a job. My tax increased when I entered mortgage interest as expense for the rental business. Does this make sense.

It makes sense if you have indicated that the rental property income is Qualified Business Income (QBI). 

Entering the mortgage interest would reduce your rental income, and therefore reduce the QBI deduction which would increase your taxes. 

Take a look at the TurboTax article below to learn more about QBI as it relates to rental properties.

https://ttlc.intuit.com/replies/7122193




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