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Owner Occupied property

taxes---taxes
Level 3

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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Accountant-Man
Level 13

Yes, don't over think it.

** I'm still a champion... of the world! Even without The Lounge.

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3 Comments 3
Just-Lisa-Now-
Level 15
Level 15

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


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
taxes---taxes
Level 3

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

Yes, don't over think it.

** I'm still a champion... of the world! Even without The Lounge.