Yes, the program automatically reports the personal portion of your rental mortgage interest to Schedule A. As you have seen, the program may also include this portion in the mortgage interest that is allocable to the aggregate indebtedness greater than $750,000. If it does, you will need to manually adjust the amount.
On the page "Your mortgage interest is being limited," TurboTax provides a box for you to enter the interest you have calculated. This manual adjustment is provided when debt is above limits and part of the home is used for a rental (a program limitation).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
