You'll need to sign in or create an account to connect with an expert.
Yes.
In cases where you rent part of your primary residence, you are required to divide all your rental and personal deductible expenses between rental and personal usage. 50% of your mortgage interest would be deductible as a rental expense, and the other half would be deductible as the home mortgage interest expense deduction on Schedule A.
Yes.
In cases where you rent part of your primary residence, you are required to divide all your rental and personal deductible expenses between rental and personal usage. 50% of your mortgage interest would be deductible as a rental expense, and the other half would be deductible as the home mortgage interest expense deduction on Schedule A.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
HoloK
New Member
elpez
Returning Member
mlkozol
New Member
chag2020
Level 3
steve13
Level 3