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Do you report rental income on your return?
Yes I do report the rental income
You can deduct as a rental expense the part of the home mortgage interest and real estate taxes attributable to the rental portion of your home.
If you rent out 20% of your home, based on square footage, you can deduct 20% of those expenses.
When you enter the rental property, TurboTax will ask if it is part of your home, and walk you through the entries.
@Twa
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