Mortgage Interest Deduction For Rental Property?
I have a property that I lived in for six months last year and then converted to a rental when I moved out. For my 2006 taxe returns, is it better to put mortgage interest on Schedule A (Itemized deductions) or should I put it on Scheule E (Supplemental Income and Loss). Or do I just split it up accordingly?
If it is better to go one way rather than the other, please share the reasoning behind it.
Thanks.
JS.
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