I purchased a duplex and live in half of it and have losses for the other half. Where and how would I enter these losses?

[Marketstar · Accepted solution]

Mortgage interest and property taxes are divided between personal (Schedule A, itemized deducti...

For instance, if you rent out 50% of your floor space, deduct 50% of your property tax and mortgage interest times days rented /365 as a rental expenses, and 50% of the property tax and mortgage interest as an Schedule A, itemized deduction.

So, you will enter a portion of mortgage interest and property taxes in both areas.