I live in a duplex and rent out 1 apartment. I entered that 50% of the property is used as a rental. Should I only put 1/2 of my taxes and insurance as a deduction?

[veronica7158]

Do I split my real estate taxes and insurance  in half and deduct them separately in the rental deduction section and half in my personal deduction section?

[MinhT]

Yes, you should enter 50% of the common expenses such as mortgage interest, property taxes, homeowners' insurance as rental expenses in the Rental section of TurboTax.

The other 50% of mortgage interest and property taxes are entered in the personal section under Deductions and Credits > Your Home. Please note that homeowners' insurance is not deductible in the personal section.

[veronica7158]

Hi thank you so much for responding. So for my 1098 in the deductions section do I put it exactly how it written on the 1098 or split it in half myself and just put 50% of what’s listed.

[MinhT]

Just 50% as the other 50% has already been claimed as rental expenses.

[veronica7158]

Thank you! You have been extremely helpful

[MinhT]

You're welcome!