PatriciaV
Expert Alumni

Investors & landlords

Yes, in the case of a property converted from personal to rental use, you will need to enter Mortgage Interest and Property Taxes in two areas of TurboTax.

First, allocate your expenses for the year based on the number of days the property was available to be rented. That portion is entered under Rental Expenses. (You must make the calculations - TurboTax does not allocate for you.)

Second, enter only the portion of Mortgage Interest and Property Taxes that remains - under Deductions & Credits >> Your Home. Only these two expenses are included in itemized deductions. 

For more help, see the blue "Learn More" link on the page titled "Converting Your Home to a Rental" (see screenshot below - click to enlarge).

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