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wolffhome
New Member

I am entering Mortgage interest in TT Business. Where do I put it: in Fed taxes/Rental RE Interest expense,or in Fed taxes/Deductions in the Rental RE Expenses. Or both?

This interest is for one rental property that I own in an LLC.

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RichardK
New Member

I am entering Mortgage interest in TT Business. Where do I put it: in Fed taxes/Rental RE Interest expense,or in Fed taxes/Deductions in the Rental RE Expenses. Or both?

In Turbotax Business enter mortgage interest for rental real estate as follows:

·        Select the FEDERAL TAXES tab

·        Select the Rental Real Estate tab

·        Scroll down, under Rental Real Estate Expense

·        On the Interest expense line click Start

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1 Reply
RichardK
New Member

I am entering Mortgage interest in TT Business. Where do I put it: in Fed taxes/Rental RE Interest expense,or in Fed taxes/Deductions in the Rental RE Expenses. Or both?

In Turbotax Business enter mortgage interest for rental real estate as follows:

·        Select the FEDERAL TAXES tab

·        Select the Rental Real Estate tab

·        Scroll down, under Rental Real Estate Expense

·        On the Interest expense line click Start

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