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Old 01-25-2013, 12:03 PM
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Join Date: Jan 2013
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Partial year rental property

I have searched through other forum threads on this issue but can't find anything to piece together for my situation.

We put our home to use as a rental property effective mid-June 2012. When claiming mortgage interest and property taxes, I don't know whether to split where I claim the deduction. In other words, I don't want to double dip but want to maximize the deduction. So here's what I see as options:

1) Claim all mortgage interest and property taxes under either homeowners deductions or rental property deductions. (This seems sketchy to me, though)
2) Split the deductions across the two deduction types/forms since the home was effectively a rental for 1/2 the year.
3) Claim the mortgage interest and property taxes under both areas. (This also seems sketchy since it would be effectively double-dipping).

Thoughts?

Thanks.



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