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Bought a house in 2017 & rented out previous home 4 the final 3 months of 2017.Do I put in the insurance, HOA & taxes paid for the final 3 months for my rental prop only?

 
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KarenJ
Intuit Alumni

Bought a house in 2017 & rented out previous home 4 the final 3 months of 2017.Do I put in the insurance, HOA & taxes paid for the final 3 months for my rental prop only?

You will need to allocate the mortgage interest,  HOA and taxes between the months the home was available for rent and your personal usage of the home.  So if the home was only available for rent the last 3 months of the year then you would allocate 1/4 of expenses to the rental and 3/4 of the expenses to your personal usage (insurance and taxes portion can be taken as itemized deduction on Schedule A).

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KarenJ
Intuit Alumni

Bought a house in 2017 & rented out previous home 4 the final 3 months of 2017.Do I put in the insurance, HOA & taxes paid for the final 3 months for my rental prop only?

You will need to allocate the mortgage interest,  HOA and taxes between the months the home was available for rent and your personal usage of the home.  So if the home was only available for rent the last 3 months of the year then you would allocate 1/4 of expenses to the rental and 3/4 of the expenses to your personal usage (insurance and taxes portion can be taken as itemized deduction on Schedule A).

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