Updates
- You are entering information about a rental property or a royalty in the Rentals and Royalties topic of the Interview; and
- You have mortgage interest or points attributable to this rental or royalty.
- Open TaxCut.
- Click the Prepare tab.
- Click the Where Am I? button, and under the Income topic, double-click Rentals and Royalties.
- For rentals, go to the "Other Expenses" screen. If you listed mortgage interest or points here, delete the entry.
For royalties, go to the "Other Additional Expenses" screen. If you listed mortgage interest or points here, delete the entry. - Click the Where Am I? button, and under the Deductions topic, double-click Mortgage Interest.
- Enter the information about the mortgage interest or points attributable to your rental or royalty here.
- Publication 520, Scholarships and Fellowships (Rev. 4/98)
- Publication 534, Depreciating Property Placed In Service Before 1987 (Rev. 11/95)
- Publication 538, Accounting Periods and Methods (Rev. 4/99)
- Publication 552, Recordkeeping for Individuals (Rev. 10/99)
- Publication 571, Tax-Sheltered Annuity Programs for Employees of Public Schools and Certain Tax-Exempt Organizations (Rev. 1/99)
- Publication 939, General Rule for Pensions and Annuities (Rev. 6/97)
- Publication 968, Tax Benefits for Adoption (Rev. 1/98)
- Publication 969, Medical Savings Accounts [MSAs] (Rev. 4/00)
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2000 Macintosh Workarounds and Other Problems Rentals and Royalties With Mortgage Interest Problem: The screens for "other expenses" in the Interview's Rentals and Royalties topic do not make it clear that mortgage interest and points should not be entered here. Mortgage interest and points should be entered in the Mortgage Interest topic, not in the Rentals and Royalties topic. Return to list of TaxCut Workarounds and Other Problems E-filing Activated Return to list of TaxCut Workarounds and Other Problems IRS Publications Not Updated by the IRS |