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GBreymeyer
New Member

Expences for rental property

can mortgage payments on rental property be included in expences?

posted
‎February 22, 2020 9:03 AM
last updated ‎February 22, 2020 9:03 AM
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Anonymous_
Level 15

Expences for rental property

@GBreymeyer wrote:

can mortgage payments on rental property be included in expences?

Not the entire payment since part of that payment includes principal (i.e., repayment of the amount borrowed). You can only deduct interest you pay on the mortgage.

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‎February 22, 2020 9:05 AM
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Anonymous_
Level 15

Expences for rental property

@GBreymeyer wrote:

can mortgage payments on rental property be included in expences?

Not the entire payment since part of that payment includes principal (i.e., repayment of the amount borrowed). You can only deduct interest you pay on the mortgage.

‎February 22, 2020 9:05 AM
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370
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