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Is there a way to allocate mortgage interest and taxes between schedule e and schedule a? Or do you have to do it manually.

jmcruz
Level 1
 
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2 Comments 2
sjrcpa
Level 15

If it's a vacation rental, the software should do it for you after you enter rental and personal days.

If it's because it was a personal residence  for part of the year and rental property for part of the year, do it manually.


Ex-AllStar
George4Tacks
Level 15

The 8T tracing rules would have to be done manually. 

https://www.law.cornell.edu/cfr/text/26/1.163-8T


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