How do I add my mortgage interest if I rent out part of my house? do I enter some in the rental income section and some in the real estate deductions?

buehner859 · ‎June 1, 2019

Vanessa · ‎June 1, 2019

You will enter it all in the 1098 T section for your personal home expenses. Then as you walk through the rental questions TurboTax will let you link that mortgage interest with the rental property and will prorate the interest you paid then decrease the amount that is deducted on Schedule A for your itemized deductions by the amount it allocates to the rental portion.

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How do I add my mortgage interest if I rent out part of my house? do I enter some in the rental income section and some in the real estate deductions?