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October 2, 2023
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Maintaining amortization schedule for points paid for multi-family mortgage

  • October 2, 2023
  • 1 reply
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I paid points to reduce the mortgage rate on a multi-family property.

 

I live in one of the units and rent out the rest. 

 

How can I maintain the amortization schedule in TurboTax?

 

I have to split the amortization b/w Schedule A and E.

 

And my usage varies from year to year b/c some of the units are out of service for gut renovations.

 

 

Best answer by Anonymous_

Any item along these lines that varies from year to year typically needs to be tracked and maintained outside of TurboTax.

1 reply

Employee
October 2, 2023

Any item along these lines that varies from year to year typically needs to be tracked and maintained outside of TurboTax.