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.

I live in a duplex and rent out 1 apartment. I entered that 50% of the property is used as a rental. Should I only put 1/2 of my taxes and insurance as a deduction?

Do I split my real estate taxes and insurance  in half and deduct them separately in the rental deduction section and half in my personal deduction section?
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.

5 Replies
MinhT
Expert Alumni

I live in a duplex and rent out 1 apartment. I entered that 50% of the property is used as a rental. Should I only put 1/2 of my taxes and insurance as a deduction?

Yes, you should enter 50% of the common expenses such as mortgage interest, property taxes, homeowners' insurance as rental expenses in the Rental section of TurboTax.

The other 50% of mortgage interest and property taxes are entered in the personal section under Deductions and Credits > Your Home. Please note that homeowners' insurance is not deductible in the personal section.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I live in a duplex and rent out 1 apartment. I entered that 50% of the property is used as a rental. Should I only put 1/2 of my taxes and insurance as a deduction?

Hi thank you so much for responding. So for my 1098 in the deductions section do I put it exactly how it written on the 1098 or split it in half myself and just put 50% of what’s listed.
MinhT
Expert Alumni

I live in a duplex and rent out 1 apartment. I entered that 50% of the property is used as a rental. Should I only put 1/2 of my taxes and insurance as a deduction?

Just 50% as the other 50% has already been claimed as rental expenses.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I live in a duplex and rent out 1 apartment. I entered that 50% of the property is used as a rental. Should I only put 1/2 of my taxes and insurance as a deduction?

Thank you! You have been extremely helpful
MinhT
Expert Alumni

I live in a duplex and rent out 1 apartment. I entered that 50% of the property is used as a rental. Should I only put 1/2 of my taxes and insurance as a deduction?

You're welcome!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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