turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ajnisely
New Member

We converted our home to a rental property do we split the mortgage and taxes between income and deductions?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

We converted our home to a rental property do we split the mortgage and taxes between income and deductions?

Given the above information, you should divide your mortgage interest and property tax "50-50" between your rental expenses and your Schedule A, itemized deductions.

View solution in original post

5 Replies

We converted our home to a rental property do we split the mortgage and taxes between income and deductions?

Still living in the home?
ajnisely
New Member

We converted our home to a rental property do we split the mortgage and taxes between income and deductions?

No it is still a rental property

We converted our home to a rental property do we split the mortgage and taxes between income and deductions?

Sorry, should have asked if you lived in the home in 2016?
ajnisely
New Member

We converted our home to a rental property do we split the mortgage and taxes between income and deductions?

We lived in the home for 173 days and it was rented out for 170 days

We converted our home to a rental property do we split the mortgage and taxes between income and deductions?

Given the above information, you should divide your mortgage interest and property tax "50-50" between your rental expenses and your Schedule A, itemized deductions.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies