I rent out a room in my primary residence, say 10% of the total residence. TurboTax Home & Business I imported the 1098 from my bank. Let's say the mortgage interest was $20k. In schedule E it automatically allocated $2k to the rental and $18k to personal use. However, it was also showing $20k under personal deductions, making the mortgage $38k. I believe I need to delete the $20k under personal and only leave the $18k from the personal use to avoid double dipping.
Please let me know if I'm correct in my assessment. Thanks!
