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.
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.