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Since you father lives in the house rent free, you will not be able to claim this as a rental house (just as a secondary residence). This is due to the fact that the property is not rented at FMV.
However, you will be able to claim any mortgage interest, mortgage insurance and property taxes on this rental property as though it were a second home.
To enter your Mortgage Interest and insurance in TurboTax Online (for TurboTax Online sign-in, click Here , then select "Take Me to My Return") or Desktop, please follow these steps:
To enter your Property Taxes in TurboTax Online or Desktop, please follow these steps:
Since you father lives in the house rent free, you will not be able to claim this as a rental house (just as a secondary residence). This is due to the fact that the property is not rented at FMV.
However, you will be able to claim any mortgage interest, mortgage insurance and property taxes on this rental property as though it were a second home.
To enter your Mortgage Interest and insurance in TurboTax Online (for TurboTax Online sign-in, click Here , then select "Take Me to My Return") or Desktop, please follow these steps:
To enter your Property Taxes in TurboTax Online or Desktop, please follow these steps:
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