MarilynG1
Expert Alumni

Investors & landlords

Yes, all of your 1098 interest for house B is deductible.  House A interest deduction is split between Itemized Deductions on Schedule A and Rental Expenses.

 

Enter it in Rental Expenses first; TurboTax will allocate the correct % to itemized deductions when you set up your Rental Property and indicate Rental Start Date. 

 

Here's more info on Rental Property Mortgage Interest.

 

 

 

 

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