aking4567
New Member

Do I allocate mortgage interest and property taxes btwn Schedules A and E, or does Turbotax do that for me? (ie do I enter all of my interest from 1098 in Real Estate sec

I rented out my house for about half of the year. I've calculated the portion of my mortgage interest and property taxes that I paid while living in my house, vs. renting it out. Do I enter just the amount of interest and taxes I paid while renting out the house int he Real Estate section, and enter the other amount (of interest and taxes I paid while living in the house) in the Deductions section?  Or should I enter the total amount of interest and taxes in Real Estate (ie does Turbo Tax take that entire amount and then allocate it for me, based on the number of days I reported renting vs. living in it?)  the standard answer that is given online is completely unclear on this point. Thank you.