DavidD66
Expert Alumni

Investors & landlords

For each property, you allocate the interest according the percentage of the year the property was used for each.  For example, let's you paid $6,000 in interest for property 1, and you lived in property for 4 months, and it was rented for 8 months.  You would allocate 66.6% of the interest ($4,000) to the rental, and 33% ($2,000) to personal.

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