Hello,
We had to move out of state for a job and as a result we had to rent our primary residence of over 2 years for rent for half of 2024.
During the rental income section- turbo tax asked for total mortgage interest and split the interest based on days used for personal use and rental. The later portion of the mortgage interest was deducted from my rental income which is good.
However when it came to deductions section for mortgage interest to claim on itemized deduction, turbo tax asked if the home was a primary residence, second home or rental. What is the right answer?
We have not bought a second home and a renting while our primary is being rented out.
If I select second home , I see the mortgage interest has double counted the difference of interest from the rental income section. Please help.
