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Converting primary residence to rental - accounting for tax and insurance expense
Hi,
I converted my primary residence to a rental. The in-service date was 8/8/2024 (the date the for rent sign was in the yard) and it was rented starting 9/1/2024. To calculate the amount of property taxes and mortgage interest to include between the Schedule A and Schedule E, do I use the number of days based on in-service date or the rented date?
Thank you.
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‎April 11, 2025
3:03 PM