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Updated almost 3 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Evguenia W.
  • Investor
  • Key West miami, FL
2
Votes |
5
Posts

Property tax deduction on rental room in my primary for 3 months

Evguenia W.
  • Investor
  • Key West miami, FL
Posted

In 2020, I rented out one room in my 2 bedroom, (50% of the house), primary residence for 3 months until the person stop paying.

Question: I was wondering how much of the property taxes can I deduct from my rental income on my income tax filing?

1) Is it 50% of the 2020 year property tax?

2) Is it 50% then divided by 12 months then times by 3 months (that is what the renter paid for in out of 12 months in 2020)?

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