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susannawtang
Returning Member

Rented out part of home, chose "enter total amounts and let TurboTax do the math", TurboTax did not prorate numbers on Schedule A

Rented out part of home, on "Let Us Calculate Your Expense Deductions for You" page, we chose "enter total amounts and let TurboTax do the math". Numbers on Schedule E were prorated. However, on Schedule A, the mortgage interest was not prorated. The number TurboTax put on the form appeared to be 100% plus the prorated personal percentage.

Mortgage interest - $12,532

Rental Use percentage - 71.43%

Schedule E mortgage interest - $8,952

Schedule A mortgage interest - $16,112 [12532 + 12532 x (1 - 71.43%)]  should be $3,580

Real Estate Taxes ($12,416) also incorrect on Schedule A ($8,976). Not sure how that number was derived.

 

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2 Replies
carmen_t
Employee Tax Expert

Rented out part of home, chose "enter total amounts and let TurboTax do the math", TurboTax did not prorate numbers on Schedule A

Hello and I am sorry for the technical difficulties pertaining to completing your return.  To best assist you in an effective and efficient matter I would recommend setting a callback or a chat within TurboTax online to speak directly with a tax expert.  By doing that it will enable us to assist you better and get a resolution as to why the calculations are not being prorated.  

 

susannawtang
Returning Member

Rented out part of home, chose "enter total amounts and let TurboTax do the math", TurboTax did not prorate numbers on Schedule A

How would I set up a callback or a chat within TurboTax online to speak directly with a tax expert? Is there a fee?

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