TomK2023
Expert Alumni

Investors & landlords

Assuming I understand you correctly, you rented out your property for 11 months, correct? 

 

If true, then you can prorate your mortgage interest and deduct that amount as a rental expense.  

 

For example, if the mortgage interest on your rental property is $1,200 for the whole year, then you can deduct $1,100 as a rental expense ($1,200 / 12 months = $100 per month x 11 months rented = $1,100).   See image below.

 

If you only rented it for one month, then your mortgage  interest rental expense is $100.

 

 

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