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Get your taxes done using TurboTax
Yes, I do mean 2016. Yes, any income you received for your rental is taxable. Mortgage interest is a valid deduction, so you need to report your rental income as income, and your mortgage interest as an expense. The IRS doesn't know which is more or less; you have to tell it on your tax returns.
‎June 5, 2019
4:47 PM