JohnB5677
Expert Alumni

Get your taxes done using TurboTax

Yes, you can deduct realtor fees, property tax and interest, but the payoff of a lien (like the mortgage principle) is not deductible. However, there are other concerns.

 

In addition, you may have been required to take depreciation over the life of the property investment.  

I recommend you consult a tax professional soon to see if this condition applies

You can get credit for an amended return back to 2021 if you file by April 15th 2025

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