So I would be able to deduct the full personal portion and amortize the rental portion over the life of the loan? So for example, I rent out 10% of my house. I can deduct 90% of the points on my Schedule A and 10% of them would need to amortized on the Schedule E over the life of the loan?
I’m reading Chapter 5 of the 529 publication and it states I have to divide expenses between personal and rental use. Just making sure I’m understanding it correctly. Thank you so much for the help!
