Ok, so the mortgage interest and property (plus other expenses while a rental) is deducted on the Sch E rental schedule.
Then after you no longer held it out for rent, the depreciation stops on the rental.
You would then take the mortgage interest on it as an Sch A itemized deduction for a 2nd home.
So, for example, say the mortgage interest was $XX amount, you take 5/12's on Sch E and rest on Sch A itemized deduction. Unless you have the breakout of the exact amount of interest paid as more is paid when the loan balance is higher.
