How do I calculate property taxes, insurance, utilities for a second property rented for 5 months, 7 months it's vacant?
The property is not used personally.
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1 Replies
TurboTaxJennifer
Level 11
Oct 30, 2019 11:03:31 AM
If the rental is not available for rent during the 7 months (seasonal) you can prorate these figures for the period it is available for rent. In other words, the total property taxes for the year would be adjusted to 5/12 of the annual amount.