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Level 1
June 6, 2019
Solved

I have a duplex that I live-in/rent. I put the total tax/interest from 1098 in Rental Income. TT calculates Sch E correctly but Sch A incorrectly. What's wrong?

  • June 6, 2019
  • 1 reply
  • 2 views
Property Tax: $10,684 (33% rental)
Sch E. calc: $3,561 (correct)
Sch A. calc: $17,807 (incorrect)

On Sch A, TT seems to have added the correct Samount ($7,123) to the total property tax ($10,684).
Best answer by KrisD15

The property tax and interest should only be entered once in the program. If you enter it in the rental section (Schedule E) do not enter it again on the 1098 screen in the Deductions & Credits section.

1 reply

KrisD15
KrisD15Answer
Level 15
June 6, 2019

The property tax and interest should only be entered once in the program. If you enter it in the rental section (Schedule E) do not enter it again on the 1098 screen in the Deductions & Credits section.

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