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temika_g
New Member

Can I deduct my interest paid for my rental property in both 1098 section and SCH E if the rental property was only used as a rental for the last 4 months of last year?

 
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2 Replies
jazeiter
New Member

Can I deduct my interest paid for my rental property in both 1098 section and SCH E if the rental property was only used as a rental for the last 4 months of last year?

Should be able to deduct for the period that i lived in the property.

Can I deduct my interest paid for my rental property in both 1098 section and SCH E if the rental property was only used as a rental for the last 4 months of last year?

The interest & RE Taxes must be prorated between the Sch E & Sch A. 

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