I own a duplex. I live in one unit and rent out the other. I entered my real estate taxes, mortgage interest and mortgage insurance from my 1098 in 2 places.

mlmmoonlight · ‎June 3, 2019

Turbo Tax is supposed to apply the correct amount of deductions for rental and personal. At the of my return the amounts were incorrect. How can I correct these?

LeeM · ‎June 3, 2019

You should enter 1/2 of your mortgage interest and property taxes for your personal credit and deductions.

You would then enter the 1/2 of your mortgage interest and property taxes for your Rental Expenses.

You can just do back into those sections and change those amounts to be reported correctly on your tax return.

View solution in original post

LeeM · ‎June 3, 2019

You should enter 1/2 of your mortgage interest and property taxes for your personal credit and deductions.

You would then enter the 1/2 of your mortgage interest and property taxes for your Rental Expenses.

You can just do back into those sections and change those amounts to be reported correctly on your tax return.

I own a duplex. I live in one unit and rent out the other. I entered my real estate taxes, mortgage interest and mortgage insurance from my 1098 in 2 places.