If you own 2 family house and rent half of it , you take 50% deduction on schedule E FROM YOUR PROPERTY TAXES YOU PAID. If my taxes in 2023 were $8000 i deduct $4000 on my schedule E.
My Anchor payments $1500+$1500= $3000 i received both in 2023 for years 2019 and 2020.
Do i lower my tax deduction on sch E by $1500 SINCE I GOT $3000 in anchor payments?
i heard different opinions:
some say add 50% to your schedule E income???
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