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Itemized Deductions Schedule-A

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Old 03-28-2010, 05:01 AM
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Mortgage Interest and Property Taxes

I am considering renting out my primary residence and moving closer to town and renting myself. If I decide to do this, essentially turning my primary residence into investment property, would I be able to continue to itemize my morgage interest and property taxes? Could you offer some feedback on how this is treated if the sum of the rental receipts are equal to or greater then the sum of itemization in question? Regards.

Last edited by Energy Trader : 03-28-2010 at 05:03 AM.

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