I am renting part of my house out. If I select the option to enter my percentage and have TurboTax calculate, do I still enter the total mortgage interest in both places?

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No, only in the rental interview. You would only enter mortgage interest as an itemized deduction if you had interest on another property not related to this renal, such as a second home.

Re: Calculating the mortgage interest rate deduction for cash out refinance (not all funds used for home) over the years

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I am renting part of my house out. If I select the option to enter my percentage and have TurboTax calculate, do I still enter the total mortgage interest in both places?

I am renting part of my house out. If I select the option to enter my percentage and have TurboTax calculate, do I still enter the total mortgage interest in both places?

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I am renting part of my house out. If I select the option to enter my percentage and have TurboTax calculate, do I still enter the total mortgage interest in both places?

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I am renting part of my house out. If I select the option to enter my percentage and have TurboTax calculate, do I still enter the total mortgage interest in both places?

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