The Deduction & Credits section for Mortgage's is confusing. It eventually ask if the mortgage is for Rental. Then it talks about filing a Schedule E. I do both?

[Lejerm]

Based on the path that Turbo Tax has lead me down, there is an unresolved issue. I need to determine if I should remove my 1098 information altogether from the deductions section. Because I believe all of my rental property mortgage info should only be captured in the schedule E section. But I am not sure.

[MonikaK1 · Accepted solution]

If you don't have a personal residence with mortgage interest, then remove any mortgage interest entries you have made from Deductions & Credits. 

All rental income and expenses, including mortgage interest, are entered in the Rentals, Royalties, and Farm section of Wages & Income in TurboTax Online.

See this help article for more information from TurboTax on this topic.

[Carl]

100% of the property was 100% rental for 100% of the 2022 tax year.

If the above statement is true, then 100% of the mortgage interest, property taxes and property insurance is claimed/deducted on SCH E.