I bought the house in July 2020 and rented out in September 2020. Property taxes and home insurance I paid for was for July2020 to June2021. Mortgage interest I paid for was for July 2020 to December 2020.
1. Can I deduct half of property taxes and home insurance expenses as rental expenses?
2. Can I deduct the full amount of mortgage interest as rental expenses?
3. In general, to claim for property tax deduction for rental expenses or itemized expense, do I count for the months the bill covers or whatever the amount I paid out during the year even though the bill covers half of next year's expense(cash basis)?
Thanks!
