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Mortgage interest deduction on partially rented multi-family
Hello,
I have a multi-family that is 50% rental and 50% primary residence. I pay about $20K mortgage interest on the property. Per turbotax, I put $20K, which the program automatically allocates $10K to the rental, and calculates it as part of the rental net income.
Later, in the deduction section it asks did you pay a home loan in 2023? Do I input $20K, or $10K (the difference between what has been allocated previously), or $0K here?
Thank you
‎February 1, 2024
9:46 PM