How do I divide the deduction for expenses that were utilized for both personal and rental uses?
If you spend money on a deductible expense that you utilize for both the personal use of your home and the rental use of your home, you may only deduct the part of the expense that is apportioned to its rental use.
The foregoing is not intended to be, and should not be construed to be, tax advice. This website offers general answers to general questions based on information obtained from www.irs.gov and other publicly available information. Collaborative Fund cannot be held responsible for the results of any position taken on a tax return by any user of this site. Users should always obtain independent tax advice from a qualified tax professional to determine the tax consequences applicable to such user’s personal situation.
