I converted my primary home to a rental mid-year. Do I enter the full amount of mortgage interest & property taxes paid or do I calculate the pro-rata share?

Forum|Forum|1 year ago
January 17, 2025
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Community posts in recent years have had people saying to enter the full amount and that Turbo Tax will split it based on the available date you enter (7/29/24 in my case). However, this year, turbo tax specifically says to "enter the rental portion of mortgage interest reported to you on form 1098" on the mortgage interest section for the rental. Seems like we should now calculate the rental portion ourselves? If so, should I just take 5/12 * total interest paid or sum up the actual interest paid from August - December?

AmeliesUncle

When it asks for the number of days of personal use, you need to enter ZERO days.

Because of that, you need to MANUALLY enter the prorated amount.

rudy-kessingerAuthor

Yes, I entered 0 for personal use.

So I need to enter 5 months of interest and taxes under the rental, and 7 months under my deductions for the time it was my qualified primary home prior to conversion?