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Yes, if you converted your primary residence to a rental property during the year, you must allocate your expenses based on usage. The portion of homeowner deductions that applies to your personal residence would be reported on Schedule A (Itemized Deductions). The remainder would be entered as Rental Expenses (Schedule E)
Yes, if you converted your primary residence to a rental property during the year, you must allocate your expenses based on usage. The portion of homeowner deductions that applies to your personal residence would be reported on Schedule A (Itemized Deductions). The remainder would be entered as Rental Expenses (Schedule E)
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