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Get your taxes done using TurboTax
You would split the mortgage interest and property tax between the time the condo was rented and personal use period. Your personal use of the condo began on 6/1/2022 when it was no longer available to be rented even though you did not begin living in the condo until 8/2/2022. The mortgage interest and property taxes applied to the rental are 151/365 of the total costs. The rest will be included in your Schedule A.
The trip expenses cannot be included on the rental return as the condo was no longer available to rent when the trip was made on June 22. Only mileage for trips to the condo when it was an active rental can be included.
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‎February 22, 2023
6:10 PM