julesmmiller
New Member

Mortgage interest on rental income where I also live in half the house.

My house is 50% rental property.  We live in half and rent out the other half.  Do I enter my mortgage interest paid half under rental deductions and half under personal deductions?  Or all under personal?
PatriciaV
Expert Alumni

Investors & landlords

Yes, if you rent a portion of your home, you may split your shared expenses between the Rental Property and your personal Itemized Deductions. Expenses that are specific to the rental portion are reported entirely for the Rental Property.

Please follow the instructions below for entering information on your Rental Property.