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Investors & landlords
No, you cannot deduct the entire house payment for your rental property. However, you can deduct the mortgage interest and real estate taxes that you paid for the property as part of your rental expenses. Additionally, you can take an annual depreciation deduction for the building over the life of the building.
The combination of the three items should approximate your house payment, but you cannot take the payment itself as a deduction.
The combination of the three items should approximate your house payment, but you cannot take the payment itself as a deduction.
‎June 7, 2019
2:59 PM