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simplyslik456
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The old home became our rental property part way through the year. Should I include the 1098 information in deductions or under income?

 
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RobertB4444
Employee Tax Expert
Employee Tax Expert

The old home became our rental property part way through the year. Should I include the 1098 information in deductions or under income?

The mortgage interest will be deductible.  You'll be prompted to enter it when you're entering your rental home information.  The deductible portion will be the portion paid while the home was a rental.  The remaining mortgage interest will be carried over to schedule A to be deductible if you itemize deductions.

 

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