HopeS
Expert Alumni

Get your taxes done using TurboTax

The option is to enter your mortgage Interest, property tax, and other allocable expenses would be to enter them in the rental property section of TurboTax.  In the rental property section under your Property Profile, indicate that you rented out part of your home.

 

On the page, Let Us Calculate Your Expense Deductions for You, a yes answer will allow you to enter the entire mortgage expense and TurboTax will do the math for you based on the rental % of your home. If you choose this method, then you wouldn't enter the deductible personal portion again. TurboTax would transfer the personal portion to Schedule A.

 

All other expenses directly related to the portion of your home should be deducted 100% on Schedule E. Once you complete your return, review both Schedule A and E to ensure the expense allocations are correct.

 

@enjohns 

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