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February 16, 2021
Question

Rental Property Mortage Interest and Taxes

  • February 16, 2021
  • 1 reply
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Do I enter mortgage interest and taxes for a residential rental property in both Schedule E and schedule A?

    1 reply

    February 16, 2021

    No, you do not enter mortgage interest and property taxes on both Schedule E and Schedule A for a rental property.  If it is a vacation rental with personal use, the interest and tax portion for personal use will transfer to schedule A, based on the ratio of rental days to personal use.

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