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Yes. You will allocated the deductible home expenses (mortgage interest, mortgage insurance, property taxes) between the rental days and the days you used the home as your personal residence.
For example, if you rented the house for 6 months and lived in it for 6 months and the mortgage interest on your 1098 was $6,000, then you would allocate half ($3,000) to your rental expenses (Schedule E) and the other half ($3,000) to your personal itemized deductions (Schedule A).
To enter your rental portion of mortgage interest in TurboTax Online (for TurboTax Online sign-in, click Here , then select "Take Me to My Return") or Desktop, please follow these steps:
Enter your rental property information through the TurboTax guided questions (or edit your rental property if it is already entered) until you come to a screen that is titled, Your "rental property name" rental summary.
Select to edit your rental expenses>I'll choose what I work on> click through several screen until you get to one titled "Report Mortgage Interest"
To enter your personal use portion of your Mortgage Interest in TurboTax Online (for TurboTax Online sign-in, click Here , then select "Take Me to My Return") or Desktop, please follow these steps:
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