Solved

I converted my residence to rental property in 2017. Can I claim 100% of the 2016 property tax as a 2017 deduction since the property was my principal residence in 2016?

Forum|Forum|7 years ago
June 5, 2019
1 reply
0 views

No text available

TurboTax Self Employed Online

Best answer by MaryK1

Yes, if you paid the 2016 property taxes in 2017, you can deduct on Schedule A because it was your personal residence that the taxes paid. Be sure to keep a copy of the property tax bills with your tax records.

M

MaryK1Answer

Employee

Yes, if you paid the 2016 property taxes in 2017, you can deduct on Schedule A because it was your personal residence that the taxes paid. Be sure to keep a copy of the property tax bills with your tax records.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

T

tstegall1Author

Thank you! I'm also a little confused on how to report the Mortgage Interest. I have a 1098 but don't think I should enter in it the Deductions. The Property was our Primary Residence Jan-Feb, Vacant Mar-Jul, and Rented Aug-Dec... I can put 40% of the expense into the Rental area but what would I do with the expense for the 2 months it was our residence?