Deductions & credits


@bmcmil13 wrote:

Thank you.

 

And a follow up

 

So do I just select Second Home in Turbo tax, even though it says "You must live there a certain amount of time"?

 

If you select Other and Rental Property which takes you to Schedule E.


I haven't looked at this specific page, trying to enter a 1098 for a second home, but if it is asking what I think it should be asking is, is this property "personal use."   To deduct the expenses on a second home on schedule A, it must be personal use, and if it is partly personal use and partly rental, you must split the expenses between schedule A and schedule E.   In this case, allowing family to live there makes it personal use even though you aren't personally living there.