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Primary Residence Converted to Rental mid year
We converted our primary residence (townhome) to a rental property in the middle of 2023 and grabbed a new primary residence. In the Income Section of our tax return, I've entered the requested information (mortgage interest, maintenance costs, etc. and the number of days the house was rented out of the year). My question is, do I also enter the mortgage interest for the townhome also in the deduction section as well? If not, how does Turbo Tax get me the interest deduction for the 6 months we lived in the townhome before we converted it to a rental?
March 29, 2024
12:44 PM