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Get your taxes done using TurboTax
Yes, mortgage interest and property tax is considered a rental expense from the date of conversion.
If you rented in all of 2021, you can Amend your 2021 return to report these rental expenses. Once you enter your Rental Info, TurboTax guides you through reporting mortgage interest and property tax as rental expenses.
Unless you also lived in the home for part of the year, these expenses would all to go Rental. If so, you would need to 'allocate' a % to primary residence. TurboTax will help you with this, if it applies.
Click this link for details on Entering Rental Income and Expenses.
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‎January 19, 2023
9:42 AM
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