Hello fangxia, thank you so much for the detailed explanation and everything just makes sense now. I will go online to check my rental properties and Royalties (Sch E) to make sure correct dates and calculations on my mortgage interest, property tax, and insurance.
Something I want to ask if I missed from your message- The property tax/mortgage interest amount that is not calculated in rental days, am I able to file it under deduction & credits since I still paid the full amount last year? For example, my property tax is $8,740 and after using the formula I get rental portion of property tax is $4,517. Am I able to file the difference ($4,223) under deduction & credits? Thank you.
