If i own my home and rent out part of it where should i deduct mortgage interest and property taxes, in the BUSINESS or PERSONAL section?

[tygrtchr · Accepted solution]

You could split the interest and taxes between personal and business, but since you are self-employed, this particular business income is taxed as your personal income.  Because of this, you can claim the mortgage interest and property taxes in the personal section since it is your personal home.  In the business portion of your return, you will claim expenses (other than mortgage interest and property taxes) for the rental section.