I used to rent out a room in my condo (not my main residence) and reported income on Schedule E. In 2019, I converted the property from rental to all personal use. On 2019 TurboTax Schedule E, I checked the box that said, "I converted this property from rental to personal use in 2019." But now in 2020 TurboTax, the Schedule E is still there, assuming the property is a rental. But when I follow the prompts, TurboTax says I should "delete it as a rental," which I assume means just delete the Schedule E. But now, where and how do I report my mortgage interest for this property? This property is not my main residence. I use it as a second home.
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You can deduct home mortgage interest for a second home and your main home as part of Schedule A, Itemized Deductions.
Use the following steps to go to that section:
You can deduct home mortgage interest for a second home and your main home as part of Schedule A, Itemized Deductions.
Use the following steps to go to that section:
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