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Updated about 6 years ago on .
Converting Primary Residence to Rental Property within the Tax yr
I recently moved out of my primary residence and into a rental property. I am renting my primary residence and will convert it to a rental property. My question is, I made this change on 8/31/2018 so, for most of the tax year it was my primary residence. Does that mean I have only 4/12 (Sep-Dec) rent, expense, depreciation on the Schedule E and I take 8/12 of the mortgage interest as a deduction for when it was a primary residence?
Thanks,
Paul B