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I have a question about property tax for a property that was for personal use for 5 months and a rental for 7 months. Is my ENTIRE property tax tax deductible? It appears that *part*of the tax is deducted from the rental income?

 
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I have a question about property tax for a property that was for personal use for 5 months and a rental for 7 months. Is my ENTIRE property tax tax deductible? It appears that *part*of the tax is deducted from the rental income?

Yes, mortgage interest and property taxes are divided between personal (Schedule A, itemized deductions) and rental use (Schedule E) , proportional to the number of days used for each.


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I have a question about property tax for a property that was for personal use for 5 months and a rental for 7 months. Is my ENTIRE property tax tax deductible? It appears that *part*of the tax is deducted from the rental income?

Yes, mortgage interest and property taxes are divided between personal (Schedule A, itemized deductions) and rental use (Schedule E) , proportional to the number of days used for each.


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