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1. When a taxpayer owns a part rental/part personal-use property, how is mortgage interest on that property treated on the tax return? * Prorated deduction

1.

When a taxpayer owns a part rental/part personal-use property, how is mortgage interest on that property treated on the tax return?

*

Prorated deduction on Schedule E and Schedule C.
Prorated deduction on Schedule E and Schedule A.
The taxpayer can choose to deduct the full amount on either Schedule E or Schedule A.

Fully deducted on Schedule E.

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