pk
Level 15
Level 15

Investors & landlords

@mana1o , do you still need help on this ?

Generally, I would enter an allocated amount for mortgage interest and property taxes  on schedule-E ( rental income ) based on square footage.  Note that there is also depreciation  for the rental portion of the property  ( again you have to allocate the a portion of the total acquisition cost and  land underneath for purposes of  computing depreciable basis.

That portion of  mortgage interest and  property taxes   not allocated to the rental property is eligible for use  for your itemized deduction ( if you use that rather than standard deduction ).

 

Is there more I can do for you ?