- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
When you convert your home to a rental home mid-year, you should prorate the mortgage interest between personal use and business use.
The personal use portion is deducted as mortgage interest in Deductions & Credits > Your Home > Mortgage interest (box 1 of the 1098 entry page).
The rental use portion is deducted as a rental expense in the Rental section of TurboTax.
The same method applies for property taxes.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 4, 2019
12:52 PM