Primary residence to rental and repair and utility expenses prorated

[usergrey]

This is my first year converting my primary residence to a rental. It was ready for being rented from July 31, 2024. Accordingly, I updated the days occupied vs. rented out.

I entered utility expenses and repair expenses only for the period that the property was a rental and I see Turbotax prorates that expense. Is this accurate even though 100% of that expense was incurred when the property was a rental and not during personal use or did I misinterpret how to enter that expense?

[MaryK4]

If you did the repairs and utilities during the time it was a dedicated rental, you can deduct the full amounts.  You may want to check your entries- when it asks the personal days, it is asking for the days you used the property personally AFTER it was a rental unit.  These expenses are prorated as it seems TurboTax is doing.  

[usergrey]

Thank you. Your assumption was correct. I was entering days before it was rented out under personal use. i made that 0 and now it takes into account my deductions.

A follow-on question that I had is : Is the entire mortgage insurance and property tax deductible? it shows like that in the system.. even though the property was rented only for 44 days in 2024. 

[AnnetteB6]

No, you cannot deduct the full amount of either the mortgage insurance or the property tax.  Both of those expenses should be prorated to cover only the period of time that your property was either being rented or available to rent.  

The personal portion of the property tax can be claimed on Schedule A as an itemized deduction.  But, the personal portion of the mortgage insurance is not deductible.

@usergrey