LinaJ2020
Expert Alumni

Investors & landlords

You would enter all mortgage interest and points reported on your Form 1098 under Rental section once.  The program will allocate and pro-rate the mortgage points between rental and personal based on the information you provide.  It will place them correctly on your tax returns.  ( Schedule E for rental and schedule A for personal)

 

You do not re-enter it under Schedule A Form 1098 again. 

 

To enter mortgage interest and point information on your rental ( schedule E), here are the steps:

 

In TurboTax online,

  • After sign into your account, select Pick up where you left off
  • At the right upper corner, in the search box, type in schedule e and Enter 
  • Select Jump to schedule e
  • Follow prompts

 

 

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