Actually, if you enter your Mortgage Interest in the Rental Expense section first, TurboTax calculates what should go on Schedule E and puts the balance on Schedule A for you. Delete your entry under Deductions/Credits for Mortgage Interest, and go back to the Property Profile/Asset sections in the Rental section.
Here's some info:
"In TurboTax you would enter on the screen: Do Any of These Situations Apply to this Property? you need to check the box, I rent out part of my home
A few screens later you can indicate "Yes" that you will let TurboTax Calculate Your Expense Deductions for You. Another question will appear on the screen that states:
Just enter the percentage of your property that was rented?
Then you can enter your rental income and enter your expenses (100% of the expense) in the Expenses section. TurboTax will allocate the amount for your itemized deductions so do not also enter them there."
Make sure you indicate 0 days of Personal Use for the Rental Portion while it was rented.
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