Can I deduct a portion of the mortgage insurance for the period I lived in the house and then another portion during the rental period?
Yes, if you rented your house to someone else after you moved out, you would report the rental income and expenses for the period it was rented under Rental Property and the allowable remainder as Itemized Deductions.
Two areas to take note:
You will need to allocate your shared expenses for the year based on the number of days the property was rented. Enter the rental portion as rental expenses and the balance of mortgage interest, property taxes, and PMI under Deductions & Credits >> Your Home.
See the instructions below for more help entering income, expenses, and capital assets (building and improvements) for your Rental Property:
Yes, if you rented your house to someone else after you moved out, you would report the rental income and expenses for the period it was rented under Rental Property and the allowable remainder as Itemized Deductions.
Two areas to take note:
You will need to allocate your shared expenses for the year based on the number of days the property was rented. Enter the rental portion as rental expenses and the balance of mortgage interest, property taxes, and PMI under Deductions & Credits >> Your Home.
See the instructions below for more help entering income, expenses, and capital assets (building and improvements) for your Rental Property: