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Investors & landlords
@laura5055129 wrote:I thought, based on Publication 527, that I still needed to allocate expenses between personal and business use, with the expenses allocated to personal use being non-deductible.
You are correct (except the personal portion of mortgage interest and real estate tax are Itemized deductions). The other answers that are saying otherwise are wrong.
However, the program should do that automatically for you when you enter the number of days it was rented and the number of your personal days.
‎February 26, 2025
3:37 PM