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Investors & landlords
Re "When you enter the date that condo became a rental in TurboTax, the depreciation will be automatically calculated only for the time you rented it." I don't see TT prorating the Mortgage Interest or the Real Estate Taxes on my Schedule E. I entered the full amount and I see the full amount on Schedule E. Is there somewhere on Schedule E that it is prorating and I just don't see it? Or do I need to do the protrating of the Real Estate Taxes myself when I enter on the Enter Common Expenses TT page. On the Report Mortgage Interest TT page it says "Enter the rental portion of mortgage interest reported to you on Form 1098. We'll ask you to enter your personal portion later."
‎June 4, 2019
4:38 PM