PaulaM
Employee Tax Expert

Investors & landlords

If you have loan interest for a home that was used as both a rental and your personal home, then you will need to allocate the proportionate share to each side. 

Ex. you lived in home for 3 months and rented it for 9 months. Allocate 3/12ths of interest to the personal side and 9/12ths to the rental section.

The total amount claimed should be the summation of the two amounts in each section. Don't enter the total in both sections.

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