• Community
  • :
  • Discussions
  • :
  • Taxes
  • :
  • Investors & landlords
  • :
  • Re: I took out a loan from 401K for the downpayment of a rental property. Can I deduct the loan repayment from rental income?
VolvoGirl
VolvoGirl
Level 15
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

Investors & landlords

No.  You just depreciate the property over time.   And any mortgage interest paid.

View solution in original post

‎March 28, 2020 2:21 PM
1
803 Views
Reply
Bookmark Icon
Powered by Khoros