topic Owner occupied rental property: 50/50 split. Do I enter 50% of mortgage interest and property taxes on schedule A and 50% on schedule E, or 100% on both? in Investors & landlords

Owner occupied rental property: 50/50 split. Do I enter 50% of mortgage interest and property taxes on schedule A and 50% on schedule E, or 100% on both?

jwolf1983 — Thu, 06 Jun 2019 06:59:45 GMT

On the rental side you enter 50% of the total of the prop...

MichaelL1 — Thu, 06 Jun 2019 06:59:46 GMT

On the rental side you enter 50% of the total of the property taxes and interest.

As an itemized deduction for yourself you enter the non-rental portion which is also 50% of the total.

The total entered on Sch A and Sch E cannot exceed 100% of what was actually paid in 2018.

On all the schedule E expense questions, it says, "Note:...

jwolf1983 — Thu, 06 Jun 2019 06:59:47 GMT

On all the schedule E expense questions, it says, "Note: Since we are allocating, be sure to enter 100% of your expenses in these fields". It seems I enter 100% of expenses during turbotax Sch E, and 50% during Sch A questions, and they do the 50/50 allocation for Sch E based on me putting 100% of those expenses down?

TurboTax can do that allocation for you, however I think...

MichaelL1 — Thu, 06 Jun 2019 06:59:49 GMT

TurboTax can do that allocation for you, however I think it can get confusing so I do it myself, however if you do the allocation with TurboTax you do have to enter 100% of mortgage interest and property taxes and it will take 50% of them.