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ymperez87
March 12, 2025
Question

If my rental was only 11 months of the year, can I claim partial mortgage interest for the one month ?

  • March 12, 2025
  • 1 reply
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    1 reply

    T
    TomK2023
    March 13, 2025

    Assuming I understand you correctly, you rented out your property for 11 months, correct? 

     

    If true, then you can prorate your mortgage interest and deduct that amount as a rental expense.  

     

    For example, if the mortgage interest on your rental property is $1,200 for the whole year, then you can deduct $1,100 as a rental expense ($1,200 / 12 months = $100 per month x 11 months rented = $1,100).   See image below.

     

    If you only rented it for one month, then your mortgage  interest rental expense is $100.

     

     

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