On Schedule A, hoping to clarify if "State and local real estate taxes" (box 5b) should be treated the same way as "Home mortgage interest and points reported o...
Is the expected behavior:TurboTax reads in the full $16k mortgage interest on Form 109825% ($4k) will be allocated to rental expense on Schedule E75% ($12k) wil...
Is my understanding below correct? For simplicity let's say principal of the loan is $1M, interest on the mortgage is $16k, and 25% of the house was rented out ...
