I pro-rated my taxes and interest on my rental home as I moved out in October. Was this correct? I calculated 2 months as a rental and 10 as a primary.. was that right?

[anthonyzappavign]

I moved out in October to a new SFR primary. Thus far, I put in my HOI and HOA amounts prorated for those two months...on top of expense of utilities on the rental. But I also wrote off the two months worth of interest and taxes paid under rental and the remaining 10 months as primary on that section (non-rental). Was that correct?

[PatriciaV · Accepted solution]

Yes, you should allocate your expenses between the time it was your personal residence (Schedule A) and the time it was rented (Schedule E), based on the number of days or months.

If you rented your former home for the last two months of the year, you would report 2 months of expenses to your rental and 10 months of expenses to your home.