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Split mortgage interest and property taxes on rental property
Just double checking...
I converted my personal home to rental property in 2018. I've got all of my rental property stuff entered correctly in the Schedule E section.
In the Deductions and Credits section, I will only enter the portion of the mortgage interest and property taxes for the amount of time the property was in personal used (before conversion). Because if I entered the total amounts, that would be "double dipping".
There is a "check this box if the number you entered is different than the 1098" option. I suppose I should check this since I'm hand editing the number.
Sound about right?
Thanks!
‎October 10, 2019
3:54 PM