A taxpayer pays an annual fee of $50.00 to maintain her mortgage account. She lives in half of her residential home, and her tenants live in the other half of the house. She is able to deduct half of the mortgage interest on her Schedule A and the other half of the mortgage interest on her Schedule E. Can this fee be deducted on her Schedule A and/or her Schedule E? If so, where is this deduction recorded?
31-Jan-2020 11:56am
