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Get your taxes done using TurboTax
It depends. If you are renting part of your home, then expenses do have to be prorated between Sch E and Sch A.
First, in the general property information, you must have marked "I rent out part of my home".
Second, select a method, enter percentages and numbers. There are two options, either way you must know the percentage for the rented portion. For my example, I will use 25% rental.
- You do the math: Enter your %, example 75% of the mortgage interest and property taxes under federal deductions and credits for Sch A. Enter the other 25% on sch E for the rental.
- Let the program do the math: Select that you rent part of your home, enter the percentage and select for the program to do the math. The program will put the correct 25% amounts on Sch E and pull the rest to Sch A.
You absolutely want to be viewing your forms as you prepare the return. To print or view your forms, including all worksheets:
- In desktop, switch to Forms Mode.
- For online:
- On the left side, select Tax Tools
- Select Print center
- Select Print, save or preview this year's return
- If you have not paid, select pay now.
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‎April 11, 2025
5:06 PM