Vanessa A
Expert Alumni

Get your taxes done using TurboTax

When you say keep it on your tax, are you talking about taking the mortgage interest deduction or the rental income?  If so, then yes, you can remove them when you file your 2026 return (filed in 2027).  If you are renting the property still in 2025, the income will have to be reported on your 2025 return.  When you complete your 2025 return, you will mark that you disposed of the rental property and then it will be removed from your taxes for the next year. 

I thought you were referring to the sale of the property.  That DOES need to be reported in the year you sell it.  However, once everything is done, you can remove everything related to the property from your tax return for the following year.  

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