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Investors & landlords
You are correct that for the purpose of the Worksheet in IRS Pub. 963, use the % of Mortgage Interest for House A that you would claim as an Itemized Deduction on Schedule A.
The balance of the Mortgage Interest for House A will be claimed as a Rental Expense on Schedule E.
If you enter the total Mortgage Interest for House A in the Rental section first, along with available rental date, TurboTax should calculate the % of interest to move to Schedule A for you.
Here's more info:
https://ttlc.intuit.com/replies/6012857
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‎June 6, 2019
12:54 AM