Solved
refinance from 2016
Help again.. please..
i converted my home in 2020 to a rental.. before that i lived there for 10yrs.. and refinanced in 2016.. Do i have to add the 2016 refinance data as well? if so where?
AmyCAnswer
Alumni - Intuit
May 15, 2021
You will put some of the mortgage interest with the rental house entered on Sch E and the part for when it was your main home, will go in the federal, deductions and credits section for your Sch A.
Example:
$6,000 interest
lived in the home 3 months so 3/12 of $6,000 is $1,500 on Sch A
rental home 9 months, so $4,500 on Sch E.
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