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I bought a rental property in June of 2018. The previous landlord rented it prior. Do I say that it was rented all year?

 
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Ashby
New Member

I bought a rental property in June of 2018. The previous landlord rented it prior. Do I say that it was rented all year?

Yes, you can say that it was rented all year. This way the program will calculate the entire mortgage interest and property taxes as an expense. Just make sure you enter the correct purchase/in-service date when you enter the home as an asset. You want to make sure depreciation is calculated correctly.

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