If I live in an owner occupied duplex, can I still claim part of my insurance, property taxes, and mortgage interest under rental property expenses?
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1 Best answer
Hal_Al
Level 15
May 31, 2019 9:25:17 PM
Yes. You prorate the expenses based on the unit sizes. For example if the total building is 1000 square feet (sf) and your unit is 600 sf; then 40% of the insurance, taxes and mortgage are deducted as rental expenses on schedule E
1 Replies
Hal_Al
Level 15
May 31, 2019 9:25:17 PM
Yes. You prorate the expenses based on the unit sizes. For example if the total building is 1000 square feet (sf) and your unit is 600 sf; then 40% of the insurance, taxes and mortgage are deducted as rental expenses on schedule E