Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

2
Posts
0
Votes
Kim R.
  • Santa Ana, CA
0
Votes |
2
Posts

NEED HELP ASAP - tax deduction on rental property

Kim R.
  • Santa Ana, CA
Posted

hi everyone,  

i could really use some help.   i moved abroad last july and rented out my home in CA. therefore, i was in the home for 6 months and rented out for 6 months.   i am trying to do my taxes on Turbotax right now and i am so confused about the choices in tax write offs for the rental.   when i go to enter Property Tax and Mortgage Interest on the property, do i just enter the total amout of Interest and Tax, divide that by 12 and multiply by the months i had the property rented?  the answer should be about 1/2 for both amounts since i lived in the home for 6 months and rented out for 6 months.  does that sound right?   i desperately need some advice before the deadline for taxes next week.   any advice would be greatly appreciated.  thank you so much for reading!  :-)

Loading replies...