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Investors & landlords
You will need to allocate the mortgage interest, HOA and taxes between the months the home was available for rent and your personal usage of the home. So if the home was only available for rent the last 3 months of the year then you would allocate 1/4 of expenses to the rental and 3/4 of the expenses to your personal usage (insurance and taxes portion can be taken as itemized deduction on Schedule A).
‎June 6, 2019
5:49 AM