When working through the Schedule E Rental Income and Expenses, you will only enter 100 days worth of your expenses such as insurance, real estate taxes, and mortgage interest. The other 265 days worth of your real estate taxes and mortgage interest can be entered as part of Schedule A Itemized Deductions since the house was your primary residence for 265 days of the year.
As you get started in the Schedule E section and you are filling in the information for the Property Profile, be sure to check the box that you converted your primary residence to a rental property. This will allow TurboTax to ask you some important questions related to getting the property set up as a rental.
Also, be sure that you do not include any personal use days in this rental section. All of the time that you used the home as your residence does not count as personal days for the rental property. When you lived there, the house was not a rental property. It did not become a rental property until you moved out and started advertising it for rent. Personal days are only counted if you use the property personally after it was converted to a rental property.
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