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I refinanced home on 03/03/2016 and converted it to a rental property on 03/17/2016. How do I report 1098 forms, and how to I allocate the mortgage interest/insurance?
Just to clarify: From 01 JAN - 15 MAR 2016, the property was primary residence. From 16 MAR - 31 DEC 2016, the property was a rental.
I received two 1098 forms due to the refinance on 03 MAR. The second 1098 covers a period of both personal use and rental use. How do I report/allocate the mortgage interest/insurance between personal use and rental?
I received two 1098 forms due to the refinance on 03 MAR. The second 1098 covers a period of both personal use and rental use. How do I report/allocate the mortgage interest/insurance between personal use and rental?
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May 31, 2019
11:43 PM