As your work through the interview for each Form 1098, you will be asked several questions about how the loan proceeds were used. Be sure you answer those questions as accurately as possible. Your answers will determine how the interest from Form 1098 is allocated - to your rental properties or to Schedule A - according to the current interest deduction rules. TurboTax will calculate and allocate the interest for you, but you should review the final result to be sure you agree with the outcome.
Additional info:
Where do I enter my 1098 mortgage interest statement?
What do I do if I have multiple 1098s from refinancing my home debt?
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