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John Bergstrom
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Shift Deductions to Schedule E due to the TCJA?

John Bergstrom
Posted

As a small time RE investor (two properties), I'm thinking it just makes the most sense to 'shift' some of the deductions I used to enter on a Sched A over to the Sched E because of the new rules/deductions with the Tax Cut & Jobs Act. I'm also thinking of renting out half my house and hence the mortgage interest (half of it anyway) could be applied to the E vs the A and I might still be better off by then qualifying for the std. deduction. Am I thinking correctly? (Then there is of course the follow-up questions- Other than yard maint/snow, garbage, utilities, etc. anything that's commonly missed that I can put on the Sched E?)  

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