part primary residence part rental, how do we deduct the mortgage interest?

Question

hi, everyone. we have lived in our old house until March of 2006, due to the downturn of market we could not sell it, so we rented it out in october.
the question is when i was doing the tax using Turbo Tax Premium, we could only claim the 2 month interests(as loss or depreciation) while we rented out, for the remainder of the year's mortgage interest, meaning the time we actually lived in and the time it was vacant but we still paying for it, there is no where i can find the entry to claim it to take the mortgage interest deduction. i know it gotta be some where, but where?
Thanks in advance

Answer 1

The portion of the taxes and interest that you paid before the rental goes on schedule A as an itemized deduction. The portion during the rental period goes on schedule E along with the rent received and other expenses you paid and depreciation on the building.

Answer 2

You can deduct mortgage interest paid on your primary home or second home (for the other 10 months) on Form 1040, Schedule A, line 10. This form is used if you are eligible to itemize deductions instead of taking the standard deduction. You would also report real estate taxes on line 6.