Enter your Form 1098 for your old home in Rental Properties and Royalties. TurboTax will divide your mortgage interest between rental and personal and transfer the personal portion to Deductions & Credits.
Here’s what to do in TurboTax Online:
- Type rental property in Search (magnifying glass) in the top right corner
- Jump to rental property
- After you set up your property, select Add expense or asset
- Select Mortgage Interest
- On “Here’s [your] rental property info, Start Mortgage Interest
- Enter the Lender Name and Date
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