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Investors & landlords
If your property was rented all year and you never lived in it, then enter the mortgage interest and the property taxes associated with it, under the Rental property section. Do not enter under the personal side at all.
If you rented a part of your home, or converted your home from personal to rental, then you would need to allocate the proportionate share between the two sections.
Ex: Lived in home for 9 months and rental for 3 months. Allocate 75% of interest/taxes as a personal deduction and 25% as a rental deduction. Navigate to each section to enter their proportionate share.
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‎June 3, 2019
1:22 PM
4,378 Views