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TT2018, Outstanding Mortgage Amount ~ Do I enter all or half if part is rentals?
This year for what I can recall is the first time.... TT has asked for the full amount of my outstanding mortgage amount as of Jan 1. Do I enter the full amount as shown on my 1098 form because 1/2 of the building is rental property and I only claim 1/2 as personal and 1/2 as rental expenses. The amount is less than 1 Million so does it matter?
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posted
June 3, 2019
1:40 PM
last updated
June 03, 2019
1:40 PM
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TT2018, Outstanding Mortgage Amount ~ Do I enter all or half if part is rentals?
I'd list the entire outstanding balance. THere are other areas asking if you occupy all or part of the building.
June 3, 2019
1:40 PM
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TT2018, Outstanding Mortgage Amount ~ Do I enter all or half if part is rentals?
Thank you for your quick response. I went through all the questions, and TT did not ask if I occupied all or part of the building.... maybe I should review.
June 3, 2019
1:40 PM
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