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April 17, 2021
Question

I have 2 homes on the same lot

  • April 17, 2021
  • 1 reply
  • 0 views

I have 2 homes on the same lot, I rent one and live in one, how do I state that on my taxes?

1 reply

ColeenD3
April 19, 2021

The fact that they are on the same lot may not be relevant. Do they each have their own property taxes and mortgage? Enter one on Schedule A for the personal and the rental is entered on Schedule E.