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Rental mortgage interest
In the Turbo Tax program It asks for Mortgage interest in the rental income section and it also asks for it on the 1098 in deduction section? Since I alreday listed it in the rental section do I only list my personal house in the deduction section or do I list all my 1098's here ?(even though I already accounted for it)
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Rental mortgage interest
Rental mortgage interest is entered ONLY as a rental expense. Do not enter it in any other section. Rental mortgage interest goes to Schedule E; personal mortgage interest goes to Schedule A.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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Rental mortgage interest
Rental mortgage interest is entered ONLY as a rental expense. Do not enter it in any other section. Rental mortgage interest goes to Schedule E; personal mortgage interest goes to Schedule A.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.