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June 1, 2019
Question

Where do I enter interest paid on a mortgage on my rental property

  • June 1, 2019
  • 1 reply
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Employee
June 1, 2019

Rental property mortgage interest is entered on Schedule E.  In the TurboTax program follow these steps -

  • Go to My Account > Tools > Topic Search
  • Type rental in the search box and click Go.
  • Answer Yes to Do you want to review your rental information and then Continue.
  • Click Edit next to the rental property.
  • On the Review Your rental property Rental Summary screen, scroll down to the Expense section.
  • Click Start or Update next to Expense and then click I'll choose what I work on.
  • On the Enter Common Expenses screen, you can enter your Real Estate Taxes and other expenses.
  • Click Continue.  Then you will be able to enter your mortgage interest. (see screenshot)