Skip to main content
February 26, 2020
Question

Form 1098 interest applies to one property of 5. Do I divide the interest paid amoung the 5 properties for TurboTax?

  • February 26, 2020
  • 1 reply
  • 0 views
No text available

    1 reply

    Carl11_2
    Employee
    February 26, 2020

    Absolutely not. If the 1098 shows interest paid on a loan you have for that one rental property, then you can only deduct that interest from the income of that one rental property, and no other.

    Or do you have a consolidated loan that is secured by all 5 of your rental properties? What's in box 8 of that 1098?