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Investors & landlords
If a property is used both as a personal residence and as a rental during the tax year, you must pro-rate the expenses accordingly. Only the portion attributable to the rental period goes to Schedule E. Note that hazard insurance premiums are deductible for a rental, but not for your personal residence.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎June 5, 2019
3:44 PM