I just completed the mortgage tax break using form 1098, but I entered some of this information earlier when describing my rental property (same property). Am I making an error by entering this information twice?
Thank you!
01454
1 Best answer
TomD8
Level 15
Jun 4, 2019 4:00:31 PM
Yes. Mortgage interest and property taxes on a rental property go to Schedule E and must be entered as Rental Expenses, not to Schedule A as itemized deductions. And they are only entered once.
1 Replies
TomD8
Level 15
Jun 4, 2019 4:00:31 PM
Yes. Mortgage interest and property taxes on a rental property go to Schedule E and must be entered as Rental Expenses, not to Schedule A as itemized deductions. And they are only entered once.