Investors & landlords


@paulygx3 wrote:

Can I claim the taxes/interest payments on my personal taxes this year? 


Provided you actually made the payments, you have an ownership interest in the house, the mortgage is secured debt (the property can be used to satisfy the debt in case of default), you can deduct the interest paid on Schedule A.

 

However, there are limitations on the amount of indebtedness.

 

See https://www.irs.gov/publications/p936#en_US_2018_publink100076298