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Rental Property only for 2 months
I was living in my own house but rented it out for 2 months at the end of the year. How do I report the property taxes and mortgage interest paid? for a personal property or rental?
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Rental Property only for 2 months
You would report 10 months of the mortgage interest and property taxes as personal and 2 months of the mortgage interest and property taxes as part of the rental information expenses.
This would also apply to the house insurance and utilities if you paid the utilities for the whole year.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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Rental Property only for 2 months
You would report 10 months of the mortgage interest and property taxes as personal and 2 months of the mortgage interest and property taxes as part of the rental information expenses.
This would also apply to the house insurance and utilities if you paid the utilities for the whole year.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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