JotikaT2
Employee Tax Expert

Deductions & credits

Yes.

You would be able to deduct the mortgage interest expense related to your Schedule E to offset your rental income instead since this interest is related to this rental property.

 

Since the rental property is not related to your home, you would not be able to deduct the mortgage interest as an itemized deduction. 

 

 

[Edited 3/8/2020|2:36pm PST]

 

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