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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Re: investment/ home Date: 3/24/2000 2:20 PM
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<< I own a duplex in which I live on one side and rent the other side out. Can I deduct all the interest and taxes or can I depreciate any portion of the value of the duplex? >>

Yes to all. Some winds up on Schedule A and some on Schedule E.

I assume 1999 was the first year you found yourself in this situation. I'd advise you to have your 1999 return professionally prepared. Make sure the preparer gives you an itemized invoice, because the portion attributable to the rental will be a direct Schedule E deduction on your 2000 return.

TMF ExRO
Phil Marti
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