Itemize deduction

CHAS
CHAS Member Posts: 3 Newcomer
in General

Can you itemize the rent you paid for your residential home?

Answers

  • CHAS
    CHAS Member Posts: 3 Newcomer

    Do you have to mail in 1099 B with your tax return? If so, how would you send it when filing electronically?

  • JMSSGV
    JMSSGV Member, Star Posts: 303 image

    Itemized deductions are mortgage interest, state and local taxes, charitable contributions, and medical expenses that exceed 7.5% of your adjusted gross income. Your state may have different rules.

    1099-Bs do not have to be submitted except in unusual circumstances. Just make sure to report all the required information from the 1099-B on Schedule D, Form 8949, or any other required forms.

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