I live in a 2 fam, and rent one unit,. Half the property tax is an expense against the rental income. Under "DEDUCTIONS & CREDIT" should I use half of the property tax?
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I live in a 2 fam, and rent one unit,. Half the property tax is an expense against the rental income. Under "DEDUCTIONS & CREDIT" should I use half of the property tax?
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Tuesday
last updated
December 31, 202411:52 AM
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I live in a 2 fam, and rent one unit,. Half the property tax is an expense against the rental income. Under "DEDUCTIONS & CREDIT" should I use half of the property tax?
Yes. The other half is an itemized deduction on your personal income tax.
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