It depends. Both houses were your primary residence however, one of them was converted to a rental property. For the first home, you can select 'other' for the second entry of mortgage interest. See the information below about how to enter this information in your tax return.
When you enter the mortgage interest in the rental and the itemized deductions change the amounts to reflect the correct information. Do not enter the full amount in either location. Since you converted the first home property in September, 2024, then you should use four months for the rental and eight months for the itemized deductions.
Most accurate would be to use your statements. Take the total from your 1098 for your home converted to a rental and subtract last statement showing your interest paid for your home (January - August) and apply the correct amount to each area. In TurboTax since you converted the rental to 100% in September, you should enter all of the expenses that apply directly to the rental. Indicate it was rented all year at fair rental value (FRV) if it was fully rental after your converted it. Best advice is to do the calculations yourself and enter the expenses directly related to the rental period.
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