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Investors & landlords
TTX will do the splits for you on the mortgage interest and PMI. But it does not pro-rate and split the RE taxes, or the property insurance. So you'll have to pro-rate the property insurance also. As a reminder, rememter that property insurance is not deductible for the period of time it was your residence.
Also as another reminder, remember to update your insurance policy on the property. A rental dwelling policy does not cover losses on the property if the property was your primary residence at the time a loss you make "think" is covered, occurs.
Also as another reminder, remember to update your insurance policy on the property. A rental dwelling policy does not cover losses on the property if the property was your primary residence at the time a loss you make "think" is covered, occurs.
‎June 3, 2019
12:46 PM