“Just checking if youre a homeowner” - could you please clarify if this includes my rental properties? Why would this be so vague on tax reporting software?
03718
1 Best answer
PatriciaV
Expert Alumni
Jun 4, 2019 6:35:33 PM
No, being a "homeowner" does not include rental properties. If you own your own home, you are a homeowner. If you own rental properties, you are in business. The tax deductions are greater for rental properties than for homeowners.
3 Replies
PatriciaV
Expert Alumni
Jun 4, 2019 6:35:33 PM
No, being a "homeowner" does not include rental properties. If you own your own home, you are a homeowner. If you own rental properties, you are in business. The tax deductions are greater for rental properties than for homeowners.
zthomas_aviation
New Member
Jun 4, 2019 6:35:34 PM
OK. I would ask that you please clarify this in your software on the various pages, because this is confusing to a lay person.