turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

dvjarami
New Member

I have a rented my house half the year, the other half i lived in it. Do i put the tax information twice in rental and in house?

So the house was rented for 6 months, and then i moved in 6 months remaining.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DS30
New Member

I have a rented my house half the year, the other half i lived in it. Do i put the tax information twice in rental and in house?

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:

  1. Once you are in your tax return, click on the “Federal Taxes” tab ("Business" tab in TurboTax Home & Business)
  2. Next click on “Wages & Income” ("Business Income and Expense" in TurboTax Home & Business)
  3. Next click on “I’ll choose what I work on” (jump to full list)
  4. Scroll down the screen until to come to the section “Rental Properties and Royalties”
  5. Choose “Rental Properties and Royalties” and select “start’ (or “update” is you have already worked on this section)

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:

  1. Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
  2. Next click on “Deductions and credits”
  3. Next click on "jump to full list" or “I’ll choose what I work on”
  4. Scroll down the screen until to come to the section “Your Home”
  5. Choose "show more", then Mortgage Interest, Refinancing and Insurance and follow the onscreen instructions.


Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question