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gakirch
New Member

Moved out of my only house 7/1/16 and rented it 8/1/16. Can I claim the total mortgage interest on 1098 or do I have ot prorate it?

 
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KenH1
New Member

Moved out of my only house 7/1/16 and rented it 8/1/16. Can I claim the total mortgage interest on 1098 or do I have ot prorate it?

You should pro-rate it.  Claim 7 months (which includes all of July) as a personal itemized deduction, and 5 months as a rental expense.

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KenH1
New Member

Moved out of my only house 7/1/16 and rented it 8/1/16. Can I claim the total mortgage interest on 1098 or do I have ot prorate it?

You should pro-rate it.  Claim 7 months (which includes all of July) as a personal itemized deduction, and 5 months as a rental expense.

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