For property tax, I multiplied the amount paid by 18.03% and entered in Rental Expense. I assume TurboTax is then using the days rented to determine the actual rental expense amount. I then entered the remaining 81.97% in the Deductions section. Is this correct?
Under Rental Expense for mortgage interest, TurboTax wants line 1 from Form 1098 but it doesn't take the 18.03% into account when it calculates the amount for Rental Expense, therefore the amount being reported is too high. How do I correct this? Also, if I entered the 1098 amount under Rental Expense, do I leave Box 1 blank in the Deductions section?
