When you own a rental home, expenses related to that home such as mortgage interest, property taxes (along with other expenses such as depreciation, repairs,...) are reported in the rental section of TurboTax (Wages and Income > Rental Properties and Royalties). They are quite separate from your standard deduction,
Mortgage interest and property taxes on your home (residence) are claimed as itemized deductions under Deductions and Credits. When itemized deductions exceed your standard deduction, you use itemized deductions instead of the standard deduction to get a larger tax break.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
