I live on the top two floors of a multi family home and rent out the bottom floor. I have created the duplex rental property in the income section and figured out how to get the correct amounts entered for the 33% of the home that is rented out, including the mortgage interest. My question is about the 66% of the mortgage interest that gets allocated to my personal deductions. The outstanding mortgage on the property, even after 33% is removed, is above the $750k cap. TT does not seem to be taking this account - and specifically tells me not to enter my bank’s mortgage information as it will double count the interest - and does not know the size of the loan. Is it possible I can deduct all of the non-business expense interest even though the non-business share of the loan is in excess of $750k? If not, how do I fix this?
