If I am entering rental information (Schedule E) and deduct a portion of morgage interest and taxes for my property, do I need to update those deductions in schedule A?

[jdburdick1993]

I bought a home for my personal residence this year and rented out one room to a friend at fair market rate the entire time I've lived in the home. I'm following instructions for deducting a proportion of my mortgage interest and property taxes in schedule E (based on rental percentage of 33%, renting one out of three rooms), but I have also deducted the full mortgage interest and property tax amounts in schedule A. Turbo tax is not adjusting schedule A deductions based on anything I'm entering in schedule E. Is this correct? The current set up gives me a better return, but I'm concerned that I'm 'double counting' deductions for mortage interest and taxes as they are occuring in more than one place.

[AnnetteB6]

Yes, you are double counting the mortgage interest and property tax deductions on Schedule A.  Adjust the amounts reported on Schedule A so that you are only claiming the total amount paid when you add the Schedule A and Schedule E deductions together.  

Also, as you go through the Schedule A to make the adjustments, pay close attention to the information on screen.  It may turn out that the personal portion of the deductions has already been brought over from the Schedule E and you just need to delete the Schedule A entry that you made.