Hi, I have an investment real estate property that was not rented out during the tax year, and it is also not my residence either. However, I do have a mortgage for this property, would i be able to deduct the mortgage interest expense on schedule A. What if the property is rented out, would I still be able to deduct the interest expense on Schedule A as well?
If the investment property is not being rented out (therefore I am not operating it, no passive income), would I be able to deduct my property taxes on schedule A as well? Thanks
