I took over my rental property for the last half of the year. what can I deduct

[ColeenD3]

Are you saying that you converted it back to a personal residence? If so, you must report the income for the portion of the year that it was a rental. You may also take any expenses that you incurred while it was a rental. Take all your normal expenses, including depreciation for that time period.

[Carl]

What do you mean by "took over" my rental property? Did you convert a rental property that you own back to personal use as your primary residence or 2nd home maybe?

[ATSTEIG]

I took over my rental house as a primary residence.

[Carl]

Then rental expenses stopped on the day the last renter moved out. Any expenses incurred after that date are not rental expenses and therefore can not be claimed as such.

If you make the property selections in the program, the the program will take care of dividing mortgage interest and property taxes between SCH E for the time it was a rental, and SCH A for the time it was not a rental. (Unless you elect the option to do the splits manually yourself.)

Now I don't know if the program will automatically pro-rate the insurance or not. So you may need to check that. The percentage of the insurance premium paid in 2020 that is equal to the percentage of time it was a rental for the year, is what you claim for the property insurance deduction on SCH E. The percentage of insurance for the time it was not a rental property is not deductible at all, anywhere on the tax return.