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I have a situation that the software does not seem to support natively. Using more illustrative numbers to simplify the description. There are two home loans for a primary residence property. Loan 1: - principal is 650K (roughly average for the year - I'm aware of the methods the IRS recommends for computing this for a…
My husband and I are planning to go on a church mission in 2024 in another state or country. We will need to rent our home in Idaho while we’re gone for 18-24 months since we still have a mortgage to pay on it. Can we deduct the portion of rent that will cover our mortgage expenses as well as other expenses like the…
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