Complete two property profiles. Name one something a little different like 210 High St Shared and 210 High St, then walk through the separate items and enter everything as it should be. You can also put one in all capitals.
Then you will prorate the first 10 months expenses based on percent of rental use.
For Schedule A (your personal itemized deductions) you will simply allocate the other portion of property taxes and mortgage interest not associated with the rental for those 10 months. Nothing will go on your Schedule A for the last 2 months that it was a full rental.
Method or program? You will use TurboTax Premier to enter all of this. You will just go back and add a second rental property after you complete the first one.
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