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I rented a portion of my home for about 5 months last year. How do I properly allocate items such as mortgage interest and property taxes when I also itemize?
So, when Turbo Tax asks what my mortgage interest is in the rental section, do I put what it was for 5 months or the amount on the 1098? Then what do I put in the itemized deductions section when it asks the same question? Would it be the amount for the other 7 months? What about for property taxes under the same scenario when I also itemize? Thank you!
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‎June 4, 2019
11:37 PM