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dtcapen
New Member

We started renting out our condo in August. How do we figure out if the interest we paid is qulified or non-qualified?

 
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arturolitvin
New Member

We started renting out our condo in August. How do we figure out if the interest we paid is qulified or non-qualified?

just fill out the dates for the rental the amount used as a rental, then apply the same fraction to the interest paid; then use the dates for a primary or 2nd home for the rest of the year an put that interest as such
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