JLCPS156
Level 1
01-11-2021
02:26 PM
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Taxpayer has rental properties and partnership to flip houses.
Rental B was refinanced in 2017 to take $100k equity and purchase Bldg A in partnership. Mortgage interest for year was $10,000. 44% belongs to partnership, 56% to rental property. What screen do I allocate this or manually enter the business interest for schedule E pg 2.
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