I know... but for the vast majority of people, this is not an issue. You think the government doesn't know where you live, with all the other records out there? Tax preparation is a big business and is the real reason this hasn't been streamlined like it has in some other countries.
Mortgage interest on a primary residence is treated differently than mortgage interest on that same house being used as a rental property.
I know... but for the vast majority of people, this is not an issue. You think the government doesn't know where you live, with all the other records out there? Tax preparation is a big business and is the real reason this hasn't been streamlined like it has in some other countries.