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February 7, 2023
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Mortgage interests on half a year rental property 2022

  • February 7, 2023
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I rented my home for part of the year in 2022. I entered in TurboTax program the number of days it was rented (181), the number of personal days during that period of rental time (0), and I am allocating expenses between rental period and personal use. My question:

For mortgage interests in the rental expenses section: should I enter the entire amount of mortgage interests of the entire year and does TT automatically calculate the corresponding amount for the rental period? Or should I manually enter only the corresponding amount of interests for the rental period?

Thank you

    Best answer by DanaB27

    Yes, you will manually enter only the corresponding amount of interest for the rental period if you selected that you converted the home in 2022.

     

     

     

    1 reply

    DanaB27Answer
    February 7, 2023

    Yes, you will manually enter only the corresponding amount of interest for the rental period if you selected that you converted the home in 2022.

     

     

     

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