Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    marcusj812
    New Member

    Where to claim mortgage penalties for early payoff on a rental property sale?

     
    posted
    ‎October 29, 2019 9:39 PM
    last updated ‎October 29, 2019 9:39 PM
    0
    1
    716
    Reply
    1 Best answer

    Accepted Solutions
    TurboTaxJeffrey
    New Member

    Where to claim mortgage penalties for early payoff on a rental property sale?

    You will include that as part of the "Outlays and Expenses" when you record the information for the capital gain/loss.  It will not be part of the rental income portion of your tax return.

    View solution in original post

    ‎October 29, 2019 9:39 PM
    0
    704
    Reply
    1 Reply
    TurboTaxJeffrey
    New Member

    Where to claim mortgage penalties for early payoff on a rental property sale?

    You will include that as part of the "Outlays and Expenses" when you record the information for the capital gain/loss.  It will not be part of the rental income portion of your tax return.

    ‎October 29, 2019 9:39 PM
    0
    705
    Reply

    Related Content

    Ayad1
    vinny8
    lpaulose1454
    lindalibinbin
    JanaShad