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Business & farm
If you did not place your property in service as a rental until 2023, then report it in the rental section of TurboTax on your 2023 return. TurboTax will ask questions about the date the property was purchased and whether it was used as a residence.
For tax year 2022, you can claim any mortgage interest and property taxes on your home if you itemize your deductions.
See IRS Publication 527 for more information.
See here for more information from TurboTax on rental property.
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March 16, 2023
5:54 PM