RWMM
New Member

Investors & landlords

In this case, I always divided the mortgage and property tax on my returns between a rental portion (40%) and a general Schedule A deduction (60%).  When I report the sale of the house, do I have to split it between two sales - one for 40% which would have the information about the depreciation recapture and a sale for 60% that would all be excluded.  Or at this point do I just report the sale as one sale?