Where does mortgage interest paid on a rental home get entered?

[LinaJ2018 · Accepted solution]

To enter the mortgage interest paid on your rental, here are the steps:

In TurboTax Premier online edition,

• After sign in to your account, select Pick up where you left off
• At the right upper corner, in the search box, type in schedule e and Enter 
• Select Jump to schedule e 
• Follow prompts
• On-screen, Your Rental Summary, scroll down to rental expense section -start 

To avoid double-counting your mortgage interest between personal and rental, if this applies to you, please continue to read:

For example, You had $10,000 of rental mortgage interest on a rental where only 80% of the property was available for rent, the property was only rented for 5 of 12 months and you personally use the property for the remaining 7 months. You will enter $8,000 under the rental section, then the program will pro-rate the allocation of which $3,333 under Schedule E and the remaining $4,667 to Schedule A (Although this remaining portion will not show under the itemized deductions summary page, it will show on your Schedule A). The nonrental portion of $2,000 would need to be added under the deductions and credits section for the mortgage interest section under the home.