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You will have to divide the mortgage interest (and property taxes) between the two properties.
- Click on Business > Continue > I'll choose what I work on.
- On the screen, Let's gather your business info, click Start/Update next to Rental Properties and Royalties (Sch E)
- On the Income from Rentals or Royalty Property You Own screen, click Yes.
- If you have already entered information about your rental (or transferred it from the previous year), you will come to the Rental and Royalty Summary screen. Click on the Edit box next to the property.
- If you haven't yet entered any information about the property, you will see a screen, Is This a Rental Property or Royalty? Mark the button for Rental property and enter information about the property.
- Continue through the screens, entering the requested information.
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