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    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
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    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.

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    ‎October 29, 2019 9:39 PM
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    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
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    707
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