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New Member
posted Jun 5, 2019 10:32:46 PM

I lived in my house for 6 months and rented it out for 6 months. Should I include mortgage interest and property taxes in both rental and deduction sections? Prorated?

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New Member
Jun 5, 2019 10:32:48 PM

Yes, split the costs between your personal, Schedule A deductions and Rental, Schedule E expenses.

Per  IRS Publication 527 Property Changed to Rental Use :If you change your home or other property (or a part of it) to rental use at any time other than the beginning of your tax year, you must divide yearly expenses, such as taxes and insurance, between rental use and personal use. You can deduct as rental expenses only the part of the expense that is for the part of the year the property was used or held for rental purposes.

Where do I enter income and expenses from a rental property?

https://ttlc.intuit.com/replies/3288530

1 Replies
New Member
Jun 5, 2019 10:32:48 PM

Yes, split the costs between your personal, Schedule A deductions and Rental, Schedule E expenses.

Per  IRS Publication 527 Property Changed to Rental Use :If you change your home or other property (or a part of it) to rental use at any time other than the beginning of your tax year, you must divide yearly expenses, such as taxes and insurance, between rental use and personal use. You can deduct as rental expenses only the part of the expense that is for the part of the year the property was used or held for rental purposes.

Where do I enter income and expenses from a rental property?

https://ttlc.intuit.com/replies/3288530