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Supplemental Taxes for second Home converted to rental.

Forum|Forum|7 years ago
June 6, 2019
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I purchased a home in April 2017 and used it as a second home. I converted it to a rental and it was available for rent in July 2017. Renters moved in end of July.

I paid supplemental taxes on the property in 2017 while it was a rental. Do I add up all property taxes (including supplemental taxes) and then prorate all of it for the rental and then prorate it for the second home? Or do I add in the supplemental property taxes only to my rental because I paid it while it was a rental?

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Best answer by PaulaM

It's prorated.

For the rental, enter property taxes paid (including supplemental) from the time the unit was ready and available to rent (July-Dec).

On your schedule A enter the property taxes paid from April - July, plus any taxes that you paid at closing.

PaulaMAnswer

Employee

It's prorated.

For the rental, enter property taxes paid (including supplemental) from the time the unit was ready and available to rent (July-Dec).

On your schedule A enter the property taxes paid from April - July, plus any taxes that you paid at closing.

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Thanks! Just to verify, supplemental taxes are prorated for the rental and also prorated for the second Home