You would enter this information for the rental portion of your house
- In TurboTax, search for rentals and then click the "Jump to" link in the search result.
- Answer Yes to the question Did you have any rental or royalty income and expenses?
- Follow the on-screen instructions as you proceed through the rental and royalties section.
- We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.)
- Eventually, you'll come to the Rental Summary screen which is where you enter your rental income and expenses, assets and depreciation, and vehicle expenses.
If 67% of your personal residence is rented, then you can deduct 67% of the mortgage interest, property taxes, utilities, internet, etc. You can also depreciated 67% of the cost of the house.
The other 33% of the house you enter the property taxes and mortgage interest in the Deductions and Credits, Your Home, Mortgage Interest, in TurboTax.
@bruingao
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