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April 13, 2024
Question

Claiming Property Tax as Expense for Rental Property On Schedule E

  • April 13, 2024
  • 1 reply
  • 0 views

Background: I lived in my primary residence in 2022 and decided to fully rent it out all of 2023. In the process of filing my return for 2023, I am filling it in Schedule E. I paid both 2022 and 2023 property tax in 2023.

 

Question: Can I claim both payments as expense of 2023 since they were paid in 2023?

    1 reply

    Employee
    April 14, 2024

    No, even though you paid both years in 2023 you didn't have a rental until 2023. In 2022, the home was your primary residence. 

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