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Level 3
June 27, 2020
Solved

Owner Occupied property

  • June 27, 2020
  • 3 replies
  • 37 views

50/50 owner occupied rental property. Should it be 50% of interest etc. entered on the 1098 (irrespective of amounts) and the remaining 50% on the schedule E?

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Best answer by Accountant-Man

Yes, don't over think it.

3 replies

Just-Lisa-Now-
Intuit Community Champion
June 27, 2020

Ive never used the 1098 worksheet, I just enter the proper amounts on the proper forms.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 3
June 28, 2020

Thanks. So if 1098 amount is $100 for mortgage interest, you just put $50 on sched A and $50 on sched E? 

Accountant-Man
Level 13
June 28, 2020

Yes, don't over think it.

** I am "Elevating with Intention!"