- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes, that correct. To follow-up on the comments from @JohnB5677, deduct only those rental expenses, such as utilities, taxes, that relate to the rental period. It looks like in 2022 you rented the apartment for four months, and therefore, one-third of your full year expenses can be allocated to your rental property.
@not_no_cpa
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 14, 2023
1:54 PM