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mg7373
New Member

How many months out of the year can I rent my primary residence and still claim it on my taxes as primary so I can deduct mortgage interest and prop tax? I live in CA

 
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1 Reply
PaulaM
Expert Alumni

How many months out of the year can I rent my primary residence and still claim it on my taxes as primary so I can deduct mortgage interest and prop tax? I live in CA

Doesn't matter how many months you rent, you can deduct all of the interest/property taxes in the year you paid them. You will need to allocate the expenses between the rental/personal sections.

Ex: Lived in home for 9 months and rental for 3 months. Allocate 75% of interest/property taxes as a personal deduction and 25% as a rental deduction.

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