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Special case – income for property that is a primary residence or without income

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If you intend to add a property to Personal Financial Statement that is either your primary residence, is vacant or otherwise without income, then you need to adjust your data entry for the Annual Net Operating Income (rows 20, 39 or 59)

This value should be the negative of the sum of your taxes and insurance.

Example:

Annual taxes = $4000

Annual insurance = $1200

Annual Net Op. Income = -$5200

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