turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Should I report Mortgage interest and property taxes in the personal section if I already did in the rental income section? Our family rents 50% of our house.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MinhT
Expert Alumni

Should I report Mortgage interest and property taxes in the personal section if I already did in the rental income section? Our family rents 50% of our house.

If you rent 50% of your home, you should claim only half of the mortgage interest and half of of the property taxes as rental expenses in the rental section of TurboTax.

The other half is deducted in the Deductions & Credits section under Your Home.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MinhT
Expert Alumni

Should I report Mortgage interest and property taxes in the personal section if I already did in the rental income section? Our family rents 50% of our house.

If you rent 50% of your home, you should claim only half of the mortgage interest and half of of the property taxes as rental expenses in the rental section of TurboTax.

The other half is deducted in the Deductions & Credits section under Your Home.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question