MarilynG
Expert Alumni

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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