Skip to main content
June 1, 2019
Solved

If I live in an owner occupied duplex, can I still claim part of my insurance, property taxes, and mortgage interest under rental property expenses?

  • June 1, 2019
  • 1 reply
  • 0 views
No text available
Best answer by Hal_Al

Yes. You prorate the expenses based on the unit sizes. For example if the total building is 1000 square feet (sf) and your unit is 600 sf; then 40% of the insurance, taxes and mortgage are deducted as rental expenses on schedule E

1 reply

Hal_Al
Hal_AlAnswer
Employee
June 1, 2019

Yes. You prorate the expenses based on the unit sizes. For example if the total building is 1000 square feet (sf) and your unit is 600 sf; then 40% of the insurance, taxes and mortgage are deducted as rental expenses on schedule E