I'm talking to a guy who is renting a house below market value, so he
knows he can't take deductions in excess of his costs. But apparently
because he can deduct mortgage interest and property tax anyway,
Turbotax is saying he doesn't get any other deductions and it's telling
him he will end up paying tax on the income without any other
deductions.
Is that correct? Any ideas?
Thanks.
--
Stu
http://DownToEarthLawyer.com
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