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yangbomb2
New Member

Partial year rental question

Hi,

 

I used to hire a tax person for my tax but this year I am trying to do it myself. Here are my questions.

In 2021, my primary home was rented for 3 months from Jan to the end of March. I collected rent for 3 months.

Then the tenant moved out so I moved back in right away after. I do have a mortgage on this home.

 

In Turbotax, 

 

1. In the Mortgage Interest/credit section, should I enter a prorated interest/property tax I paid for 9 month I lived, not full year?

2. In the Income section, day rented should be 90 days and Personal use should be 0 since I didn't live when the tenant lived. 

3. In the Income section,  I believe that Turbotax automatically calculates a prorated interest/property tax for 90 days. 
4. Because I moved back in, I don't qualify to deduct some expenses, e.g., repair, HOA, depreciation...


Thank you for your help!

 

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1 Reply
ColeenD3
Expert Alumni

Partial year rental question

1. In the Mortgage Interest/credit section, should I enter a prorated interest/property tax I paid for 9 month I lived, not full year? You would include 3 month's worth on Schedule E and the balance on Schedule A.

 

2. In the Income section, day rented should be 90 days and Personal use should be 0 since I didn't live when the tenant lived. Yes.

 

 

3. In the Income section,  I believe that Turbotax automatically calculates a prorated interest/property tax for 90 days. Yes, but I prefer to do it manually.


4. Because I moved back in, I don't qualify to deduct some expenses, e.g., repair, HOA, depreciation. Correct, these are only expenses while it is producing income.

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