Hi everyone. I was hoping to get some help here. I'm renting 20% of my house and TurboTax calculated the mortgage tax deduction for my rental and allocated the rest as a mortgage deduction on the personal primary residence. The complication is that the average mortgage balance is greater than $750k limit. TurboTax automatically allocate the 80% of the entire mortgage interest amount to primary residence deduction, I need to limit this to follow IRS guidance. However, under "deduction" section the automatic allocation couldn't be changed. I am using TurboTax online. As a result I'm having "Limit Int/points on 1098" error that I tried to enter following to no avail:
1. 0
2. Limited amount
3. Blank
4. Negative amount to bring the line transferred from Schedule E down to the limit
Still kicking errors.
Thanks
