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jbhamilton2016
New Member

How do i split taxes and rental property insurance expenses if I only rented my apartment for a portion of the year

 
1 Reply
PaulaM
Employee Tax Expert

How do i split taxes and rental property insurance expenses if I only rented my apartment for a portion of the year

Allocate each portion to personal/rental section. 

Ex: Lived in home for 9 months and rental for 3 months. Allocate 75% of interest/taxes as a personal deduction and 25% as a rental deduction. Navigate to each section to enter their proportionate share.

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