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Yes, you will prorate your interest and taxes based on the percentage of time the house was your primary residence and the time your house was a rental.
The prorated expenses, while the house was your primary residence would be deducted on Schedule A if you use itemized deductions in lieu of the standard deduction.The rental portion of the prorated expenses will be reported on Schedule E.
Yes, you will prorate your interest and taxes based on the percentage of time the house was your primary residence and the time your house was a rental.
The prorated expenses, while the house was your primary residence would be deducted on Schedule A if you use itemized deductions in lieu of the standard deduction.The rental portion of the prorated expenses will be reported on Schedule E.
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