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If I rent out the (1) home I own, should I be entering the same 1098 information twice for the same property? Meaning once as rental property & again as home I own?

 
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DDollar
Expert Alumni

If I rent out the (1) home I own, should I be entering the same 1098 information twice for the same property? Meaning once as rental property & again as home I own?

No, you should only be entering it once, as a rental expense.  Do not enter as an itemized deduction.

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DDollar
Expert Alumni

If I rent out the (1) home I own, should I be entering the same 1098 information twice for the same property? Meaning once as rental property & again as home I own?

No, you should only be entering it once, as a rental expense.  Do not enter as an itemized deduction.

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