DianeW777
Expert Alumni

Get your taxes done using TurboTax

Yes, you should check the box for the Qualified Interest box because the mortgage is for your primary home or your vacation home the first part of the year.  TurboTax will allocate the mortgage interest between the rental and your itemized deductions (whether or not you can itemize) based on your number of days of personal use versus rental use. Next year when it is strictly a rental property, then you would not check the box. 

 

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