for line "903. Hazard insurance – Amortized over the period the payment covers, which is usually one year."
According to the above statement, for a rental purchased on 6/15/2018, I should divide $600 harzard insurance (listed in closing) by 365 day X 199 day (number of days from 6/15/2018 until 12/31/2019)= $327.12 .
Therefore I can deduct in my schE $327.12 for year 2018.
the remaining balance of $272.87 will be deducted for 2019.
Is my calculation correct?
