Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 10:28:19 AM

Where to enter mortgage interest deductions for rentals? (1) Income Section>Rental Income>Mortgage Interest. Or (2) Deductions>Mortgage? Double counting if I do both?

0 1 1018
1 Replies
New Member
Jun 6, 2019 10:28:21 AM

You will need to enter the rental mortgage interest under the rental property.

1.  Go to Rental Properties and Royalties (Sch E).

2.  Answer Yes to review Income from Rentals or Royalty property you own.

3.  Answer the question about time spent as Real Estate professional.

4.  On the Rental Property Summary, edit your property.

5.  Choose Expenses.  Select I'll choose what I work on.

6.  You may find other expenses on this next page, Continue.

7.  The next page is where you report the Mortgage Interest.