Skip to main content
Level 1
June 5, 2019
Question

If I have a roommate in my home (50%) and they pay rent, when I am reporting mortgage interest on my home, must I calculate 50% of interest? Or does turbotax auto?

  • June 5, 2019
  • 1 reply
  • 12 views

If I have a roommate in my home (50%) and they pay rent, when I am reporting mortgage interest on my home, must I calculate 50% of interest? Or does turbotax auto?


Since I already noted the 50% shared use, is the software now calculating or expecting me to do that first for the mortgage interest?

1 reply

tygrtchr
Level 7
June 5, 2019

If the mortgage is in your name, then you should claim all of the interest.  Whatever your roommate pays you in rent should be counted as your income.