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posted Jun 4, 2019 7:05:31 PM

If I have a roommate in my home (50%) and they pay rent, when I am reporting mortgage interest on my home, must I calculate 50% of interest? Or does turbotax auto?

If I have a roommate in my home (50%) and they pay rent, when I am reporting mortgage interest on my home, must I calculate 50% of interest? Or does turbotax auto?


Since I already noted the 50% shared use, is the software now calculating or expecting me to do that first for the mortgage interest?

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1 Replies
Level 7
Jun 4, 2019 7:05:33 PM

If the mortgage is in your name, then you should claim all of the interest.  Whatever your roommate pays you in rent should be counted as your income.