A live-in-landlord rented a 180 sq ft room from 11/1-12/31 to a tenant. The total sq ft is 1000 and the landlord purchased the home in August.
2021 RE Taxes are $5,000
Is this the right formula to deduct rental expense?
$5,000 * 18% * 16%
2/12=16% (days rented)
And the balance is a personal expense?
Thank you
