You correctly deducted the mortgage interest for your rental
property on your rental schedule.
However, you would not then turn around and report the same
interest paid as mortgage interest on your Schedule A, unless or course you
have two Form 1098’s for two different properties.
To remove the mortgage interest
- Log into your TurboTax return
-
- Click on Federal Taxes
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- Click on Deductions and Credits
-
- Under “Your tax breaks”, you will see “Mortgage Interest,
Refinancing and Insurance. Click the Edit/Add
button.
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- You will see Mortgage deduction summary. Click on the trash can button. (See screenshot below)
