Yes, you can deduct mortgage interest, property taxes, insurance on the home that you own but rent out as your rental expenses.
In TurboTax, when going through the rental income and expenses, your interest/taxes are reported as rental expenses along with other expenses you may have.
- Federal Taxes
- Wages & Income
-
Rental Properties and Royalties - follow
the instructions Where do I enter income and expenses from a
rental property?
