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qshtax
Returning Member

Should I amend tax return and how to use Turbotax Premier to adjust the after receiving CP28 with partial rental income??

Hello,

 

I filed tax return using Turbotax Premier 2024 and recently received CP28 from IRS.

 

In my previous 2024 return:

My home loan exceeds $750,000, and my home is single family home with multiple rooms, I rented out part of the rooms to tenants. In the Deduction & Credit I input the exact number of 1098 interest in the "Your adjustments" under "Your mortage interest is being limited page" using the number showed on the mortgage statement, and also I added rental income under "Rental Properties and Royalties" under "Wages & Income". So Turbotax did some calculation using the Mortage interest in Schedule E and the number showed on the Schedule A is the combination of the interest from my bank mortage statement and "mortage interest for personal use from Schedule E". How should I modify? and should I remove "mortage interest for personal use from Schedule E" and how to do it???

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